Harneys’ Private Wealth and Trusts practice typically advises both commercial clients such as trust companies and banks and individual clients on the establishment and restructuring of trusts governed by the laws of the British Virgin Islands, Cayman Islands and Cyprus.
Our trusts team commonly provides advice on the establishment, administration and restructuring of all types of trusts governed by these laws, including VISTA trusts, STAR trusts, purpose trusts, unit trusts and employee benefit trusts. Our trusts lawyers frequently work alongside Harneys lawyers from other departments and offices throughout the Harneys network to provide bespoke solutions for our clients.
We have particular expertise in the use of relevant legislation to allow clients to retain an element of control over the assets held in trusts, for example, via sophisticated use of Private Trust Companies or other forms of reserved power trusts. Our team regularly drafts all types of wills, from simple wills disposing of shares in a BVI, Cayman or Cyprus Company to more complex wills establishing dynastic family trusts.
Our growing trusts litigation practice has seen an increase in contentious issues involving complex tax and trusts structuring, cross-border probate, succession planning and international trusts disputes. In this regard our trusts team works closely with our litigation teams in the BVI, Cayman, Hong Kong and London in order to provide the very highest standard of legal advice.
Our trusts team was shortlisted as a finalist for International Legal Team of the Year at the STEP Private Client Awards 2016/7.
• 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
Our Private Wealth and Trusts law practice specialises in the creation of all types of BVI, Cayman and Cyprus trusts with particular emphasis on the creation of trusts to hold family trading and investment companies.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.
British Virgin Islands