Item description for Drafting Cayman Islands Trusts by James Kessler & Tony Pursall...
The Cayman Islands is one of the world's leading jurisdictions for the establishment of offshore trusts. However, it is not easy for a practitioner to approach the drafting of a Cayman Islands trust instrument with confidence. This eminently practical book solves that problem to near perfection.
Arranged as a collection of precedents, with each provision of every precedent explained in detail, "Drafting Cayman Islands Trusts," could hardly make the drafting process easier. The drafter learns the advantages and potential pitfalls associated with each provision as he or she prepares to draft it. The authors provide specific language, although individual variations (based on the authors' expert guidance) are encouraged. The precedents covered including the following:
Discretionary trusts (with and without protectors); Interest in possession trust; Reserved powers trust; Charitable trust; STAR trusts; Appointments and retirements of trustees.
For additional convenience, the precedents are also provided in Word format on a CD-ROM that comes with the book. The detailed annotation answers such key questions as the following:
Are hostile beneficiaries clauses valid? Do automatic flee clauses work? What powers can a settlor reserve? How can STAR trusts be used to protect trustees holding high-risk assets? Would STAR trusts be recognised in other jurisdictions? How can one restrict a beneficiary's right to information and trust documents? Can the appointment of a foreign trustee discharge a retiring Cayman trustee? What indemnities should retiring trustees request from successors?
As a systematic approach to drafting Cayman Islands trusts, this book will be of immeasurable day-to-day value to practitioners and administrators alike.
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Studio: Kluwer Law International
Est. Packaging Dimensions: Length: 9.7" Width: 6.5" Height: 1.3" Weight: 2 lbs.
Release Date Nov 14, 2006
Publisher Kluwer Law International
ISBN 9041124888 ISBN13 9789041124883
Availability 59 units. Availability accurate as of May 28, 2017 02:51.
Usually ships within one to two business days from La Vergne, TN.
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More About James Kessler & Tony Pursall
JAMES H. KESSLER is a science teacher. /E He is the author/editor of Wonder Science, a monthly publication of the American Chemical Society describing hands-on science projects in physics, chemistry and biology for elementary school students. He recently completed two video presentations on the contributions of Africans and African Americans to world science, which have been well received by parents and teacher groups throughout the U.S.