147 results found

Bermuda purpose trusts can be established for specified non-charitable purposes.

Bermuda is a popular and highly regarded jurisdiction for managing the offshore family assets of wealthy, international families due to several favourable characteristics.

The question of who should act as trustee of a trust is fundamental to any wealth planning structure.

The Supreme Court of Bermuda (Kawaley CJ) handed down a decision revisiting the existing practice of hearing applications to restructure Bermuda law trusts in private when appropriate.

In the matters of FA Trust and FB Trust [2021] SC (Bda) 59 Civ (6 January 2021), the Chief Justice of Bermuda has handed down an important decision ...

Assistant Justice Dr Ian Kawaley of the Supreme Court of Bermuda has provided a seminal judgment on the role of Protectors in offshore trusts.

The world abounds with distrust and problems that are threatening globalisation and economies – arising from (among other things) the war in Ukraine, COVID-19, climate change, terrorism, corruption and disinformation spread through social media.

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...

Bermuda has been at the forefront of the trusts, insurance and funds industries for the past 50 years.

When a settlor creates a trust, he relinquishes legal ownership, and thus control, of the assets he places into trust, which then fall under the control of trustees appointed by the settlor.

In the Matter of the C Trust [2016] SC [Bda] 53 Civ was the first Bermuda case to extend the perpetuity period under the new Section 4 of the Bermuda Perpetuities and Accumulations Act 2009.

Section 47 of Bermuda's Trustee Act 1975 provides trustees of Bermuda trusts with a very useful and flexible tool for varying trusts in the absence of the necessary power...

When one thinks of trusts, one tends to think of the private family trusts which enable wealthy families to manage the transfer of their assets efficiently down the generations.

I was on the accounting route (studied economics for 4 years and then worked at PWC) but changed tack at the last minute to study law which I thought would be far more sexy.

The decision will be of particular interest to trustees in the common law jurisdiction, having reaffirmed the test to be applied when determining the validity of a trustee's purported exercise of a power.

Vanessa Schrum reviews recent amendments to Bermuda's trust laws which are intended to modernise ‘firewall' provisions and restore a settlor's freedom of disposition with respect to children.

On 2 November 2012 the Trusts Law came into force, making a number of changes to the Trusts Law 1984.

The Bermuda legislature has recently passed the Trusts (Special Provisions) Amendment Act 2020 (Amendment Act) which amends Bermuda's "firewall" legislation contained in the Trusts (Special Provisions) Act 1989.