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Trusts & Estates


Expertise > Global Expertise > Trusts & Estates
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.

Overview

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 (CITs). 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 Barbados, 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 


Services


• 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

Related

Asia Private Wealth & Trusts

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

BVI Trusts

Harneys has the largest non-contentious BVI trusts team in the Caribbean.Read More

Cayman Trust & Private Wealth

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

Trusts & Estates

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

More Information

 

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.


Family Trusts


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.
 

Purpose Trusts


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.
 

Commercial Trusts


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.
 

International Wills


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.

Contacts

Henry Mander
Henry Mander

Partner
Cayman Islands
Russell Willings
Russell Willings

Partner
British Virgin Islands
Emily Yiolitis
Emily Yiolitis

Partner
Cyprus
Sheila George
Sheila George

Partner
British Virgin Islands
Claire Goldstein
Claire Goldstein

Partner
British Virgin Islands
Madeleine Heal
Madeleine Heal

Partner
Cayman Islands
Johann E. Henry
Johann E. Henry

Partner
British Virgin Islands
Lisa Pearce
Lisa Pearce

Partner
Singapore
Kristy Calvert
Kristy Calvert

Partner and Chief Representative
Shanghai
Henno Boshoff
Henno Boshoff

Senior Associate
Singapore
Laura Hair
Laura Hair

Senior Associate
British Virgin Islands
Ronan Gallagher
Ronan Gallagher

Associate
Cayman Islands
James Granby
James Granby

Associate
Hong Kong
Matthew Howson
Matthew Howson

Associate
British Virgin Islands
Rodrigo Loureiro
Rodrigo Loureiro

Associate
Sao Paulo
Persia  Tobin-Evelyn
Persia Tobin-Evelyn

Associate
British Virgin Islands
Maria Pia Buchi
Maria Pia Buchi

Consultant
Sao Paulo
Horacio Woycik
Horacio Woycik

Consultant
Montevideo
Wisdom Hon
Wisdom Hon

Legal Manager
Hong Kong
Publications

Webinars

Webinar on BVI Trusts Changes: Recording Available 

Articles & Updates

New revision of Trusts legislation in Cayman 
LatAm focus: litigating trusts disputes in the BVI 
Foundation Companies in the Cayman Islands 
Cayman Islands proposes introduction of beneficial ownership registers 
New inheritance tax rules to impact non-domiciles holding UK property through offshore companies and trusts 
Private wealth structuring in the BVI 

Guides

Guide to Ship Finance in the Cayman Islands 
Purpose Trusts: an overview 
Succession planning for your BVI company shares 
BVI Trusts - an overview 
Private Trust Companies: an overview 
VISTA Trusts – an overview 

Recent Experience

BVI Court rules on construction of trusts