ARTICLE
7 January 1997

What Is Settlement?

CT
Cedar Trust

Contributor

Bermuda Tax
Trusts are created either by Will (Testamentary Trusts) or inter vivos, by a Trust Deed or Declaration, that is to say, in writing. It is possible, but undesirable to have a verbal trust. International wills can be extremely useful in an estate planning exercise, but typically, offshore trusts take effect during the settlor's lifetime, in order to provide a structured regime for personal planning.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More