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Knowledge BVI trust legislation enhanced by Trustee (Amendment) Act 2021
Date: 08/07/2021 Type: Articles Community Partner Topic: Private Client | Trusts | Wills and Estates | Inheritance | Next Generation Wealth | Investment and HNWI’s | Tax |Author: Andrew Miller, Partner (Cayman Islands & BVI) & Fraser Allister, Managing Associate (Cayman) - Bedell Cristin
The Trustee (Amendment) Act 2021 (the "Amendment") came into force on 13 May 2021 and greatly enhances BVI's trusts legislation.
The Amendment inserts a new section 58B to the Trustee Act, expanding the court's jurisdiction to vary, add to, revoke or replace any provision of a trust. It builds on existing rules that allow the court to approve, on behalf of minor and unborn beneficiaries and other persons who are unable to approve themselves, arrangements that amend trusts.
Private Client Magazine Issue 4 - Trustees Under Pressure
Date: 05/07/2021 Type: Articles Community Magazine ThoughtLeaders 4 Content Main Issue Topic: Private Client | Trusts | Wills and Estates | Inheritance | Next Generation Wealth | Investment and HNWI’s | Tax |Author: ThoughtLeaders4 Private Client
Issue 4 is live! A year on from the launch of our Private Client Community we continue to see growth in the breadth, engagement and commitment from our members. Emerging from a pandemic leaves us with even more of
a need to look to peers for inspiration, knowledge and confidence.
Thank you to our contributors for their interpretations on the pressure trustees have faced in the face of change. We also express our gratitude to our Community Partners whose support allows us to deliver the highest quality of content.
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