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Edward Devenport

Edward Devenport

Jersey
Partner

Hector Robinson QC

Hector Robinson QC

Cayman Islands
Partner

Matthew Guthrie

Matthew Guthrie

Guernsey
Partner

Tony Pursall

Tony Pursall

London
Partner

Cayman Islands Trust and Succession Law

[Dynamic date]

17 May 2019

2019 has already seen three important legislative changes to Cayman Islands trust and succession law. These cover trust law amendments (including a new statutory Hastings-Bass rule which effectively reverses some of the findings in Pitt and Futter ), refinements to the Private Trust Companies Regulations (including a significant reduction in the annual fees and an increased role for the Cayman Islands Monetary Authority (CIMA)) as well as a welcome relaxation of the rules concerning the formal validity of wills disposing of moveable property in the Cayman Islands.

This article summarises each of those changes in turn, starting with the amendments to the Trusts Law