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Trusts & Estates

Articles and news related to trust, estate planning, and probate in the BVI.

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BVI Wills and the Impact of Non-BVI Laws

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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Private international law issues which need to be considered both before and after preparing a British Virgin Islands will disposing of shares in a British Virgin Islands company. Abstract This note considers the need, when preparing wills disposing of shares…
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Encouraging Successful Succession: Estate planning options for shareholders of BVI companies

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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By Christopher McKenzie¹ Shortly after the International Business Companies Act (IBC Act) came into force in 1984, the British Virgin Islands (BVI) became one of the world’s most utilised jurisdictions for the incorporation of international business companies; these companies have…
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Civil Procedure Takes a Bold Step: Unravelling the changes to service out of the jurisdiction and the Civil Procedure Rules in the British Virgin Islands

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O'Neal Webster
folder_openArticles, Litigation, Paul Edwards, Trusts & Estates
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Oxford University Press recently published OW attorney Paul Edwards’ article in the Trusts & Trustees Journal: “Civil Procedure Takes a Bold Step: Unravelling the changes to service out of the jurisdiction and the Civil Procedure Rules in the British Virgin Islands.”…
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Illusory trusts in the British Virgin Islands and section 86 of the BVI’s Trustee Act

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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The laws of the BVI The principles of English common law and equity form part of British Virgin Islands (BVI) law and would be applied by the BVI’s courts, except to the extent that they have been modified by statute.…
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O’Neal Webster Managing Partner Vanessa King Elected to STEP Worldwide Council

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O'Neal Webster
folder_openArticles, Firm, Trusts & Estates, Vanessa King
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October 2, 2023 – BRITISH VIRGIN ISLANDS – O’Neal Webster is pleased to announce that Managing Partner Vanessa King has been elected as a STEP Worldwide Council representative for the Caribbean and Latin America Region. In this role, she represents…
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Virgin Territory | BVI Trusts & Estates

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O'Neal Webster
folder_openArticles, Author, Christopher McKenzie, Trusts & Estates
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By Christopher McKenzie For Trusts & Trustees published by Oxford University Press Abstract The British Virgin Islands has recently introduced a substantial number of reforms in relation to trusts and estates. These have been made in addition to those innovations…
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BVI Trust Law

BVI Introduces New Reserved Power Trust Legislation

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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By Christopher McKenzie for Trusts & Trustees, Oxford University Press Background—why reserved power legislation has been enacted Many prospective settlors, especially those from jurisdictions or family backgrounds in which trusts do not feature,1 the establishment of a lifetime trust can…
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AMENDMENTS TO THE BVI’S PRIVATE TRUST COMPANY REGULATIONS 2021

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O'Neal Webster
folder_openArticles, Christopher McKenzie, News, Trusts & Estates
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Since the BVI’s Financial Services (Exemptions) Regulations, 2007 (as amended, “the PTC Regulations”) came into effect, the BVI has become the jurisdiction of choice for private trust companies. Over one thousand such companies have so far been established. Background The…
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