Except in the case of Charitable Trusts, a Bermuda trust must terminate within the traditional "life in being plus 21 years". Alternatively, a settlor may choose a period of up to 100 years from the Trust's commencement. Any lesser period can be left to the Trustee's discretion (with the consent of a protector where provided for). The Trust Fund may be accumulated for the life of the Trust.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.
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