Cayman's New Foundation Companies
Our panel of experts, including a member of the legislative drafting sub-committee, discusses why the vehicle was introduced and how it can be used to help our clients, offering insight from both a legal and financial services perspective. In addition, they review some of the Foundation Company’s key features as well as its advantages over other vehicles and consider some of the commercial applications seen since implementation.
BEPOKE SUPPORT
DRIVEN BY OUR GLOBAL EXPERTISE
The Maples Group’s private client services team provides specialist trust and Foundation services to international high net worth individuals and elite families, as well as analytical support services to Family offices.
Our team comprises highly skilled professionals across a range of relevant disciplines. Utilising proprietary technology, we offer a modern, comprehensive yet highly personalised suite or solutions.
Our leading international law firm, Maples and Calder, boasts a dedicated team specialising in trust, Foundation and estate planning advice.
Together, our seamless offering of legal, trust and foundation services allows us to work closely with each client to ensure that their bespoke estate planning arrangements are optimally structured and professionally managed throughout the lifetime of their structure.
Our Services
We understand that individual and Family situations evolve, that economic circumstances change and that regulations and laws develop over lime. Our independent trust and Foundation services can be tailored to meet each client’s current needs and objectives, with the Flexibility to adapt over the years.
The following is an overview of the bespoke Private Client Services we offer:
Trust Administration Services
Trusts are a highly popular tool for wealth and estate planning. Our Private Client Services team works with our private clients’ advisers and leading international and domestic law firms to provide customised trust services for high net worth individuals and families.
Our primary trust jurisdictions are Bermuda, the British Virgin Islands, the Cayman Islands, Hong Kong and Jersey. Through our various offices worldwide, we provide our private clients with flexibility and choice by offering a full range or trust solutions.
Private Trust Companies
As an alternative to selecting Maples Private Client Services, wealthy families can establish their own private trust company (‘PTC’) to serve as trustee exclusively for one or more related family trusts. This has become a popular choice for larger, wealthier families (often with their own family office) that are looking to retain a closer degree of oversight and control over the family trusts and assets. PTCs may be subject 10 licensing in their home jurisdiction, or exempt from licensing. Our primary jurisdictions for PTCs are Bermuda, the British Virgin Islands, the Cayman Islands, Hong Kong and Jersey.
Foundation Services
Foundations are a more familiar estate-planning vehicle often used in preference to the common law trust by those of our clients who reside in civil law countries. Offering the same benefits and advantages as trusts, and capable of being used for the same purposes, foundations are the preferred alternative for those private clients seeking clarity and recognition or their overseas estate planning structures in their own home jurisdictions.
Other Related Fiduciary Services
As an experienced trustee, we have a thorough understanding of the key roles played by other fiduciaries in the context of trusts and foundations. We are able to act in any of the following functions for any trusts and foundations where we are not serving in any other fiduciary capacity:
- Protector for trusts and Cayman foundations;
- Enforcer for Cayman STAR trusts; and
- Supervisor for Cayman foundations
Legal Services
Our highly skilled lawyers advise individual private clients, international high net worth individuals, families and family offices in all major markets and time zones. Our dedicated team has experience across a range of relevant disciplines including private family trusts, shareholding trusts, philanthropic trusts, and foundation companies. We are committed to working closely to provide clients with expert advice and realistic choices across multiple jurisdictions including BVI, the Cayman Islands, Hong Kong, Ireland, Jersey and Luxembourg.
Tailored Solutions Delivered
By Industry Experts
- Legal Services
- Fiduciary Services
- Fund Services
- Regulatory & Compliance
- Entity Formation & Management
Resource Hub
The following resources provide insights and updates from our experts, and more information on our service capabilities.
News & Knowledge
Primary Contacts
GLOBAL
NETWORK
Americas & Caribbean
- Bermuda
- Boston
- British Virgin Islands
- Cayman Islands
- Delaware
- Montreal
Asia Pacific
- Hong Kong
- Singapore
Europe
- Dublin
- Jersey
- London
- Luxembourg
- Netherlands
Middle East
- Abu Dhabi
- Dubai
