Building Bridges, Not Barriers: Setting Up Cayman Trusts To Minimise Conflicts

Despite best intentions, it is impossible to entirely negate the risk of conflict arising from a family trust. By their nature, trusts tend to span several decades and "futureproofing" them against societal changes, unforeseen family circumstances and the views of as-yet unborn beneficiaries presents a challenge to the most competent draftsman. That said, and in the Cayman Islands at least, it is possible to minimise the opportunity for disputes by identifying potential flashpoints when setting up a trust and building in various protections against conflict.

Trusts: a constant in a changing world

Trusts remain a popular way to preserve family assets and to control how, when, and how much wealth is passed down to future generations. Settling assets on trust can also serve important asset protection functions, so long as the trust is not established with the intention of defrauding creditors and the settlor does not reserve to himself unrestricted powers to revoke the