Creditors and Trusts: Confirming Established Principles
Offshore trusts have long been used as a vehicle for estate planning and wealth management, providing shelter from economic, political, family and business uncertainty. Colin McKie, Martin Livingston and Nigel Porteous explain the implications of a recent Cayman Islands case for creditors seeking to enforce judgment debts against trust assets via a power of revocation vested in the settlor.
Please see the attached article for further information. It was first published in the March 2010 edition of the Trusts and Estates Law & Tax Journal.