St Lucia

2. Trusts

St Lucia offers the international trustee the choice of using the law of England, as far as this relates to trusts, or an International Trusts Act that has been modelled on more modern legislation. The domestic trust law is the English law, while the International Trusts Act builds in some of the strongest asset protection provisions available in modern legislation.

The Revised Laws of St Lucia (Revised Laws) provide that the law relating to implied constructive and resulting trusts and the rights, powers and duties of beneficiaries under a trust, shall be the law of England.

Trustees are also addressed in this Act, dealing with, among others, investments, general powers, appointment and discharge, and powers of the court.


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© 2011 Society of Trust & Estate Practitioners