Best Trusts Lawyers in Cayman Islands

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KSG Attorneys
George Town, Cayman Islands

Founded in 2017
50 people in their team
English
A Full Service Law Firm in the Cayman IslandsWe are a focused and dynamic firm whose Attorneys have a vast wealth of experience across the full spectrum of legal service areas in the Cayman Islands. Our aim is to provide clear and practical legal advice and – where consistent with our clients’...
Boddens
George Town, Cayman Islands

Founded in 2002
50 people in their team
English
‘Caymankind’ is in our DNA. It’s in the warm hospitality extended to our clients and the camaraderie enjoyed with our colleagues. It’s ingrained in the culture of the firm, which shares its name with one of Cayman’s most common surnames and the name of the first recorded permanent...
Cayman Family Law
George Town, Cayman Islands

Founded in 2000
10 people in their team
English
We are a boutique law firm in the Cayman Islands specialising exclusively in Divorce and Family Law. Our attorneys have decades of experience in the practice of Family Law bringing a wealth of expert knowledge, forward-thinking solutions and unrivalled compassion in our approach to family...
Campbells
George Town, Cayman Islands

Founded in 1970
200 people in their team
English
Campbells is a leading full service offshore law firm established in 1970.  From our offices in the Cayman Islands, the British Virgin Islands and Hong Kong we provide comprehensive corporate and litigation advice and services to clients worldwide in relation to Cayman Islands and British...
Priestleys
George Town, Cayman Islands

Founded in 2000
50 people in their team
English
WE KNOW AND UNDERSTANDThere are many offshore law firms. They all know the law. Then there are the rare law firms who not only know the law, they understand people and their business needs. Priestleys knows the law. We also understand. We believe this is what sets us apart as a best-in-class Cayman...
Quality Law Services
George Town, Cayman Islands

Founded in 2016
50 people in their team
English
Our StoryWe'd love to tell you all about us, but we'd rather focus on You! We do things a little differently here at Quality.  Founded by Christine Bodden and Juliet Fenn in 2016, we like to believe we give you quality but with a capital "Q."Christine is an Attorney-at-Law and Notary...
Nelsons
West Bay, Cayman Islands

Founded in 2000
50 people in their team
English
About UsWe are a well-established legal firm located in Grand Cayman, widely regarded for our high level of service and expertise within our practice areas.Our guiding ethic is consistently to provide an efficient, personal and highly responsive service combined with a pragmatic approach to the...
Francis Grey
George Town, Cayman Islands

Founded in 2000
50 people in their team
English
FrancisGrey is a specialist Cayman Islands law firm providing advice on corporate and commercial law for everyone, from large financial service providers to emerging managers and private investors with big aim. We offer focused, bespoke legal service. The work that we undertake is cross border,...
Symons & Symons, Attorneys-at-Law
West Bay, Cayman Islands

Founded in 1981
50 people in their team
English
Welcome to Symons & Symons, Attorneys-at-LawSymons & Symons is a full service boutique law Firm based in the Cayman Islands. Our focus is providing quality legal services and practical solutions specific to our clients objectives and needs.We offer a broad range services on all aspects of...
Hampson and Company
George Town, Cayman Islands

Founded in 2010
10 people in their team
English
Established by Graham Hampson and Paul Keeble in 2010, Hampson and Company is a well-regarded full-service Cayman Islands law firm.Between them, Graham and Paul have over 70 years of combined legal and courtroom experience and have guided many clients to successful outcomes. While Graham retired...
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About Trusts Law in Cayman Islands

In the Cayman Islands, trusts are a common legal structure used for estate and wealth management. A trust is created when a person (the settlor) transfers assets to a trustee, who holds and manages those assets for the benefit of beneficiaries. The Cayman Islands has a robust and well-established legal framework for trusts, making it a popular jurisdiction for setting up trusts.

Why You May Need a Lawyer

There are several situations where you may need a lawyer's assistance in trusts, such as creating a trust, amending an existing trust, resolving disputes among beneficiaries or trustees, or navigating complex trust laws and regulations. A lawyer with expertise in trusts law can provide valuable guidance and ensure that your trust is properly structured and managed according to the law.

Local Laws Overview

In the Cayman Islands, trusts are primarily governed by the Trusts Law (2011 Revision) and common law principles. Key aspects of local laws relating to trusts include the requirement for a trust deed, the duties and powers of trustees, the rights of beneficiaries, and the jurisdiction's favorable tax regime for trusts.

Frequently Asked Questions

1. What is a trust?

A trust is a legal arrangement where a person (the settlor) transfers assets to a trustee, who holds and manages those assets for the benefit of beneficiaries.

2. Who can be a trustee?

A trustee can be an individual or a corporate entity, and they have a legal obligation to administer the trust according to its terms and in the best interests of the beneficiaries.

3. What are the benefits of setting up a trust in the Cayman Islands?

The Cayman Islands offer a stable legal framework, confidentiality, tax advantages, and access to professional trust services, making it an attractive jurisdiction for setting up a trust.

4. How can I amend a trust?

To amend a trust, you typically need to follow the procedures outlined in the trust deed, which may require the consent of the settlor, trustee, and beneficiaries.

5. What are the duties of a trustee?

A trustee has a duty to act in good faith, prudently manage trust assets, avoid conflicts of interest, and act in the best interests of the beneficiaries.

6. Can a trustee be removed?

In certain circumstances, such as misconduct or incapacity, a trustee can be removed by the court or in accordance with the trust deed.

7. How are trusts taxed in the Cayman Islands?

Trusts in the Cayman Islands are generally not subject to local taxes on income, capital gains, or wealth, making it an advantageous jurisdiction for tax planning.

8. What is the role of a protector in a trust?

A protector is a third party appointed to oversee the trustee's actions and ensure that the trust is managed in accordance with the settlor's wishes.

9. Can I create a charitable trust in the Cayman Islands?

Yes, the Cayman Islands allow for the creation of charitable trusts, which are used for philanthropic purposes and can provide tax benefits for the settlor.

10. How can I resolve a dispute involving a trust?

If you are involved in a dispute concerning a trust, it is advisable to seek legal advice to understand your rights and options for resolving the issue, which may include mediation, arbitration, or court proceedings.

Additional Resources

If you need legal advice or assistance with trusts in the Cayman Islands, you may contact the Cayman Islands Law Society or consult with a reputable law firm specializing in trusts and estate planning.

Next Steps

If you require legal assistance in setting up or managing a trust in the Cayman Islands, it is recommended to schedule a consultation with an experienced trusts lawyer who can provide personalized advice tailored to your specific needs and circumstances.

Lawzana helps you find the best lawyers and law firms in Cayman Islands through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Trusts, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Cayman Islands—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.