ARTICLE · 24 AUGUST 2020

Offshore Trusts – Options For HNWIs

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With world economies in trouble in the wake of the Covid-19 pandemic, high-net-worth individuals and their advisors may be seeking new wealth management vehicles and opportunities.

BermudaWealth Management

Karen A. Corless

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With world economies in trouble in the wake of the Covid-19 pandemic, high-net-worth individuals and their advisors may be seeking new wealth management vehicles and opportunities. Bermuda, the Cayman Islands and the British Virgin Islands offer a range of trust structures suitable for a wide range of situations and purposes, ranging from estate planning and philanthropy to commercial applications.

As British Overseas Territories, the islands' legal systems are based on that of England, with final appeal to the Privy Council of the House of Lords in the UK. Each jurisdiction offers modern and flexible trust law based on the English model. Below are a few of the trust options available.

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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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