When you hear the word "foundation" your immediate correlation is probably "charity."
While recent events have put a temporary halt on global mobility, as the pandemic dissipates it seems likely that there will be increasing interest from high-net-worth individuals and their families in having their primary or secondary residence in an offshore location.
With world economies in trouble in the wake of the Covid-19 pandemic, high-net-worth individuals and their advisors may be seeking new wealth management vehicles and opportunities.
As families and their advisers look beyond traditional wealth centres as a location for the family office, the British Overseas Territories (BOTs) of Bermuda and the Cayman Islands are proving increasingly popular choices.
The relocation of High Net Worth Individuals often presents a range of challenges and requires professional assistance to navigate the many aspects involved.
British Virgin Islands
For decades, the British Virgin Islands (BVI) has been a leading international financial centre that continues to play a unique and neutral role in global finance.
A tumultuous new reality has spread across the international economy. While some will weather troubled times well, or even profit from them, others will experience a more negative impact.
"It's never too early to get a financial advisor," says Dawn Marchand, Chief Executive Officer of Lawyers Financial.
MLT Aikins LLP
On July 13, 2020, Infrastructure Canada announced that three communities in Alberta will receive Federal Government funding totalling $131,000 to support the improvement of their asset...
Many families have been facing a new kind of financial reality. From loss of income, to changing the way we work, to thinking about priorities, the conversation about money is changing.
The Cayman Islands comprise three islands: Grand Cayman, Cayman Brac and Little Cayman. They are located in the Western Caribbean Sea, approximately 500 miles south of Miami, Florida.
On 14 February 2020, the Chief Justice of the Cayman Islands, the Honourable Anthony Smellie QC (CJ), delivered written reasons in the matter of AA v BB & Colin Shaw (amicus curiae)1.
Ogier appeared in the first successful personal representative removal application in the Cayman Islands. In a highly contested hearing which stretched over four days, and included a last minute...
In this second instalment of our new Cayman Conversations series, Chris Duncan of Carey Olsen talks to James Long of Summit Trust about the role of the next generation of family members...
The pandemic has radically changed the way people and businesses work and behave. Specifically, high-net worth individuals (HNWIs)...
The legal framework governing trusts in Cyprus is based on The Trustees Law, Cap. 193, ("The Trustees Law")...
N. Xenofontos LLC
A trust is a fiduciary relationship in which one party, known as a settlor (or trustor or grantor in the U.S.), gives another party, the trustee, the right to hold title to property or assets...
A lot of us will have had the feeling of having spent the last 20 years on a fast-paced treadmill. Life has been a constant ‘busy'.
Investors often set up their investment structure in offshore jurisdictions such as the British Virgin Islands and Cayman Islands.
More and more couples are having conversations about getting a Pre-Nuptial Agreement (PNA) in anticipation of an upcoming marriage