Bermuda: some factors to consider when choosing a trustee

Bermuda has a sterling reputation as a leading offshore jurisdiction in which to develop trust and wealth structures for both local and overseas persons.

Bermuda trusts can achieve a wide variety of personal, estate, financial and tax planning objectives.

Trusts are particularly useful for families who, among other things, may require protection against creditors or spendthrift family members. They can also provide for the future care of special-needs children, safeguard assets for future generations, reduce claims against an estate, minimise tax liability and provide asset confidentiality…

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