Bahamas: Trusts

The modern trust and estate practitioner has a wealth of vehicles at his/her disposal, each with varying degrees of sophistication, to address the needs of both international and local clients.

On May 21st, 2013 Higgs & Johnson appeared on a ground-breaking and successful application by a Trustee for an Order declaring that the RAPAA shall apply to a disposition created before 30th December, 2011 thereby abolishing the application of the applicable rule against perpetuities.

A discussion on the changes brought in by the Banks and Trust Companies Regulations, which introduced a light touch regulatory regime for private trust companies in The Bahamas.