Dec 2024
A STAR Trust is a form of trust exclusive to the Cayman Islands (Cayman)1 and which has a wide variety of practical applications. The unique features of a STAR Trust provide clients with structuring options often not possible with an ordinary trust and which can be particularly useful in commercial and transactional contexts.
This guide summarises the main features of a Cayman Islands STAR Trust and some of its key practical applications.
Key Features
- Beneficial Objects
- Enforcement
- Confidentiality
- Trustees
- Unlimited Duration
- Certainty
Planning Uses
- Commercial Use
- Family Business Succession
- Philanthropic Trusts
1STAR trusts were introduced in Cayman by the enactment of the Special Trusts (Alternative Regime) Law, 1997, which is now contained in Part VIII of Cayman’s Trusts Act (2021 Revision)