Cayman Trusts: Star Trusts

i. They may exist indefinitely (NB the trust period for most other Cayman trusts is limited to 150 years).

ii. A STAR trust can hold assets to a) benefit persons or b) for the furtherance of specific purposes or c) for both. The ability to have the objects of a trust as both human beneficiaries and specific purposes is unique to STAR trusts.

iii. A beneficiary of a STAR trust has no right to information about the trust, nor to bring proceedings against the trustee concerning the administration of the trust. (Instead an enforcer must be appointed).