Cayman Islands Trust and Succession Law
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