Trusts & Estates

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

Additional Amendments to BVI’s Trustee Act Including Re-Introduction of the ‘Old Rule In Hastings-Bass’

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In addition to the ground-breaking reforms relating to the variation of trusts, reserved powers and the ‘firewall’ provisions in the Trustee Act, each of which are covered elsewhere, the BVI legislature intends to make a number of other amendments to…
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Free-standing Freezing Orders in the BVI | Black Swan Verses Broad Idea

British Virgin Islands entities and structures are frequently used to hold assets located onshore, outside the BVI. Sometimes these assets represent the proceeds of wrongdoing including breach of fiduciary duty, breach of express trust, or pure fraud. The vast majority…
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Offshore Asset Recovery in Divorce

In high-value divorce litigation, certain matrimonial assets held in offshore vehicles and structures are commonly unaccounted for. This is due to a widespread perception that such assets are out of reach to the victim spouse and that opaque beneficial ownership…
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