By Anthony Partridge, Fraser Allister
This briefing note provides an overview of the process and legal considerations for a person who is not domiciled in the Cayman Islands to write a will dealing with his or her shareholding in a Cayman Islands company. It is not legal advice and it should not be relied upon as such.
The person who owns shares in the Cayman Islands company is referred to as the
Shareholder. Regardless of whether or not the Shareholder leaves a will, a grant of representation must be obtained from the Grand Court of the Cayman Islands to administer the Shareholder’s Cayman Islands assets after his or her death. Where the Shareholder leaves a will, the form of grant is known as probate. Where the Shareholder does not leave a will, the form of grant is known as letters of administration.