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ARTICLE · 02 NOVEMBER 2023

FAQs On Bermuda Master Trusts & Sub-Trusts For Insurance Providers

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Frederica Evans, Client Director for Ocorian Trust Services, discusses all things Bermuda master trusts and sub-trusts from what they are to how they work...

BermudaInsurance
Ocorian
Ocorian

Frederica Evans, Client Director for OcorianTrust Services, discusses all things Bermuda master trusts and sub-trusts from what they are to how they work and why they're valuable for clients seeking to separate their life insurance policies from personal holdings.

What is a master / sub-trust?

In Bermuda, a master / sub-trust structure allows for the management of sub-trust funds in a segregated manner. This arrangement enables multiple relationships to be grouped under one umbrella while maintaining appropriate ring fencing.

In essence, a master trust oversees severalsub-trusts, each established to hold specific assets or benefit specific beneficiaries. This structure is primarily designed for life insured parties to separate their offshore life insurance policy from personal holdings, aiding in legal separation while maintaining transparency.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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