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The Cayman Islands is one of the world's leading jurisdictions for the \nestablishment of offshore trusts. However, it is not easy for a practitioner \nto approach the drafting of a Cayman Islands trust instrument with confidence. \nThis eminently practical book solves that problem to near perfection.\n\n\u003cp class='copymedium'\u003e\nArranged as a collection of precedents, with each provision of every precedent \nexplained in detail, \u003ci\u003e\u003cb\u003eDrafting Cayman Islands Trusts\u003c/b\u003e,\u003c/i\u003e could \nhardly make the drafting process easier. The drafter learns the advantages and \npotential pitfalls associated with each provision as he or she prepares to \ndraft it. The authors provide specific language, although individual \nvariations (based on the authors' expert guidance) are encouraged.\n\u003c/p\u003e\n\u003cp class='copymedium'\u003e\nThe precedents covered including the following:\n\u003c/p\u003e\n\u003cp class='copymedium'\u003e\n\n\u003c/p\u003e\n\u003cul\u003e\n\u003cli class='copymedium'\u003e\nDiscretionary trusts (with and without protectors)\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nInterest in possession trust\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nReserved powers trust\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nCharitable trust\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nSTAR trusts\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nAppointments and retirements of trustees\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp class='copymedium'\u003e\nFor additional convenience, the precedents are also provided in Word format on \na CD-ROM that comes with the book.\n\u003c/p\u003e\n\u003cp class='copymedium'\u003e\nThe detailed annotation answers such key questions as the following:\n\u003c/p\u003e\n\u003cp class='copymedium'\u003e\n\n\u003c/p\u003e\n\u003cul\u003e\n\u003cli class='copymedium'\u003e\nAre hostile beneficiaries clauses valid?\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nDo automatic flee clauses work?\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nWhat powers can a settlor reserve?\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nHow can STAR trusts be used to protect trustees holding high-risk assets?\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nWould STAR trusts be recognised in other jurisdictions?\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nHow can one restrict a beneficiary's right to information and trust documents?\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nCan the appointment of a foreign trustee discharge a retiring Cayman trustee?\n\u003c/li\u003e\n\u003cli class='copymedium'\u003e\nWhat indemnities should retiring trustees request from successors?\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp class='copymedium'\u003e\nAs a systematic approach to drafting Cayman Islands trusts, this book will be \nof immeasurable day-to-day value to practitioners and administrators alike.\n\u003c/p\u003e\n\u003cp class='copymedium'\u003e\nJames Kessler QC is a leading practitioner at the Revenue bar. He is the \nauthor of \u003ci\u003eDrafting Trusts \u0026amp; Will Trusts, Taxation of Foreign Domiciliaries, \nand Taxation of Charities.\u003c/i\u003e\n\u003c/p\u003e\n\u003cp class='copymedium'\u003e\nHe is a founder member of STEP and founder of the Trusts Discussion Forum.\n\u003c/p\u003e\n\u003cp class='copymedium'\u003e\nTony Pursall is a Cayman Islands attorney-at-law, who practices from the \nLondon office of Maples and Calder. He is a member of the STEP International \nCommittee and of the City of London branch committee of STEP. He is the author \nof the Cayman Islands section of the World Trust Survey for Trusts \u0026amp; Trustees \nand is a contributor to the Cayman Islands section of \u003ci\u003ePlanning and \nAdministration of Offshore and Onshore Trusts. \u0026quot;All those who work with Cayman \nIslands trusts, here or abroad, should leap to their feet and applaud James \nKessler and Tony Pursall for this splendid work.\u0026quot; \u003c/i\u003eAntony Duckworth, \nPartner, Charles Adams, Ritchie \u0026amp; Duckworth\n\u003c/p\u003e\n\u003cp\u003e\n\n\u003c/p\u003e\n\u003cp\u003e\n\n\u003c/p\u003e\n\u003cp\u003e\n\n\u003c/p\u003e |
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