Maples and Calder’s Richard Grasby describes the rise in the use of trusts for modern commercial transactions to safeguard assets and highlights the Cayman Islands as the jurisdiction of choice
The development and use of the trust in the common law world has come a long way since the notion of holding property for the benefit of others was established during the Crusades. Trusts were later used as a way to keep landed estates in the same family over many generations while allowing the eldest son certain benefits. After this time, the use of trusts expanded and they were used to hold cash and other simple investments, often for tax deferral.
