Asset Protection Will Substitute Avoidance of Forced Heirship Family Succession Planning Tax Planning Benefit of Charities Confidentiality and Privacy Protection Contingency Planning Fiduciary Duty Discretionary Trust BVI Offshore Trusts BVI Trustee Act

Trust purpose: Contingency Planning

Family and estate planning usually requires effective exit strategies for the structure to be adopted in the first place. A Trust may be structured under a proper Trust Law which enables the Trust to be migrated to another jurisdiction, as provided for under BVI Trust Law.

The structure of a Trust may also include a Successor Trustee already appointed in another jurisdiction. Therefore, a Trust of such kind may be migrated more quickly than a corporate structure.