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  4. New Perpetuities Act Amendment now in effect in the Cayman Islands

New Perpetuities Act Amendment now in effect in the Cayman Islands

09 Sep 2024
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The Perpetuities (Amendment) Act, 2024 officially came into effect on 22 August 2024.

This update strengthens the trust and estate planning sector within the Cayman Islands' financial services industry. The amendment removes the mandatory perpetuity period of 150 years for many existing and future trusts, providing greater flexibility for trust management and estate planning.

The Perpetuities (Amendment) Act, 2024 can be found here.

Authors

Juan Pablo Urrutia
Partner | Funds & Regulatory | Cayman Islands
Charles Moore Harneys front portrait image on a grey background
Charles Moore
Partner | Private Wealth | Cayman Islands
Henry Mander Harneys front portrait image on a grey background
Henry Mander
Partner | Private Wealth | London