Favoured Carribbean Trust Jurisdictions

Features

BVI

Nevis

Cayman Islands

Specific Statute of Elizabeth override provisions

No

Yes

Yes

Statutory limitation periods

No

Yes

Yes

Statutory acknowledgement that settlor can retain some control

Yes

Yes

No

Statutory certainty regarding non-recognition of foreign judgments

No

Yes

No

Burden of proving fraudulent intent is on Plaintiff

No

Yes

Yes

Statutory definition of standard of proof required to establish fraudulent intent

No

Yes

No

Trust remains valid if fraudulent transfers determined to have taken place

No

Yes

No

Retrospective protection for immigrant trusts

No

Yes

No

Binding selection of proper law

Yes

Yes

Yes

Statutory override of forced heirship rules

Yes

Yes

Yes

Recognition of community property rules

No

Yes

No

Purpose Trusts

Yes

Yes

Yes