High Net Worth Individuals and corporate clients have an array of important wealth management needs, often with a multi-jurisdictional dimension. Families are becoming more global, tax/financial planning more heavily regulated, and international estate and probate administration more complex. Individual private clients seek solutions ranging from simple one generation succession planning trusts to more complex dynasty trusts designed to hold a family’s wealth for many generations. Meanwhile, trust companies and banks are looking to create sophisticated solutions using unit trusts, pension trusts or bespoke purpose trusts.
Our trusts team has earned a global reputation for excellence due to our personal, commercially sensitive, and pragmatic approach. Our lawyers have deep expertise in BVI VISTA Trusts, Cayman STAR Trusts and Cyprus International Trusts (CIT
s). We are market leaders in estate planning and investment, asset protection, tax/financial planning, succession planning, and international estate and probate administration. Additionally, we have strong experience in drafting all types of wills, from simple wills disposing of shares in a BVI, Cayman or Cyprus company, to more complex wills establishing family trusts.
We pioneered the development of BVI private trust company law and regulation, and created the BVI Share Trust, a simplified form of the VISTA trust for clients looking for one generation succession planning trusts. Our lawyers are well-versed in the establishment and operation of private trust companies, often in the context of highly complex overall structures.
With a global team spanning Bermuda, BVI, Cayman, London and Asia, we are able to support clients wherever they are worldwide. Our clients include the world's leading law firms, multinational corporations, major financial institutions and high net worth individual private clients.
Our trusts lawyers work alongside Harneys Fiduciary
, which provides a full complement of corporate, wealth and fiduciary services in Bermuda, BVI and the Cayman Islands. We hold trust licenses in several jurisdictions and our product offering also includes Hong Kong and New Zealand.
We also work closely with our leading litigation teams in Asia, London, Bermuda, BVI and Cayman to provide advice on trusts litigation and contentious matters involving complex tax and trusts structuring, cross-border probate, succession planning and international trusts disputes.
Our trusts team was shortlisted as a finalist for International Legal Team of the Year at the STEP Private Client Awards 2016/7.
For more information on the other services we provide as part of our private wealth offering please click here
• Family trusts
• Private trust companies and family office
• Charitable and non-charitable purpose trusts
• BVI VISTA trusts
• Cayman STAR trusts
• Commercial trusts
• Regulation of trusts and trust companies
• International wills
• International estate administration
Our private client services team stands at the forefront of creating new and innovative trust solutions for high net worth individuals and families.Read More
Harneys has the largest non-contentious BVI trusts team in the Caribbean.Read More
Our trusts and private wealth law practice specialises in the creation of all types of trusts to maximise the benefits of Cayman law for both commercial and individual clients.Read More
Harneys’ Trusts & Estates practice advises individual and commercial clients on the establishment, administration and structuring of all types of BVI, Cayman Islands and Cyprus trusts.Read More
Our private wealth and trust attorneys are at the forefront of creating new and innovative trust solutions that seek to complement and safeguard the holding of assets by a BVI Business Company, Cayman Exempted Company or Cyprus Company.
Our family trust law team is able to provide trust solutions that are tailored to a client’s individual needs and range from a simple trust to hold assets for one family generation, to a complex trust designed to last for multiple generations.
We have developed particular expertise in creating trusts, frequently using the VISTA (BVI), STAR (Cayman), and the Cyprus International Trust regimes, specifically for use in the holding of trading businesses, with an emphasis on the unique needs and requirements of wealthy private clients from India, Latin America, Asia and Russia.
Private Trust Companies and the Family Office
Our team is at the forefront of providing advice and assistance in the creation of private trust companies as an integral part of the establishment of a private family office, and has developed innovative solutions for the holding of shares in a private trust company. We can assist private trust companies with all aspects of trust administration, including accounting services or the preparation of meeting minutes and related documents.
We are regularly instructed to create non-charitable purpose trusts for commercial off-balance sheet purposes, and charitable purpose trusts for wealthy entrepreneurs who wish to make benevolent donations in a private and confidential manner, while avoiding the public registration and scrutiny encountered in their home jurisdiction.
Our team is experienced in the use of trusts for commercial financing solutions and the creation of unit trusts for both opened and closed end schemes. We have experience in the creation of employee trusts and insurance trusts.
Regulation of Trusts and Trust Companies
We regularly advise in relation to the statutory regulation of companies conducting trust business, whether as trustee, protector of a private family trust or a company acting as the manager of a mutual fund.
Our will lawyers can draft and prepare all types of wills, from a simple will disposing of shares in a BVI Business Company, Cayman Exempted Company or Cyprus Company to a complex will establishing a family trust.
International Estate Administration
Our team is able to assist in the process of obtaining probate to an asset held in the BVI, Cayman or Cyprus, and can assist in the practical administration of estates.