A Webinar On Wills And Probate In The Cayman Islands - 23 July 2020
- Anthony Partridge (Partner, Ogier Cayman)
- Wisdom Hon (Senior Associate, Ogier Hong Kong)
A Zoom link will be provided for participants two days prior to the webinar.
The talk: When a non-Cayman domiciliary dies owning Cayman Islands assets such as shares in a Cayman Islands company and interests in Cayman Islands funds, the transmission of such Cayman assets is governed by the Cayman Islands law and a grant of representation issued by the Grand Court of Cayman is usually required. The registered office provider is not authorised to update the register of members or limited partnership interests without a Cayman grant. Directors and general partners ought not to approve share/interest transfers involving a deceased shareholder/limited partner without reviewing a Cayman grant. The webinar will discuss the procedure and documents required to secure a Cayman grant and highlight the pitfalls that practitioners should be mindful of
To facilitate the application for a Cayman grant, one could make a specific Will to dispose of Cayman assets. The webinar will discuss the recently enacted Formal Validity of Wills (Persons Dying Abroad) Law which sets out the general rule to determine the formal validity of a Will executed by a non-Cayman domiciled person.
Part of the presentation will have been pre-recorded but a live Q&A session will follow the talk.
Anthony Partridge is a partner at Ogier Cayman. He specialises in all aspects of noncontentious private trust matters, wealth structuring for institutional trustees and high net worth individuals. He has particular expertise in the use of foundation companies, cross-border succession and probate matters, including resealing foreign grants in the Grand Court of the Cayman Islands. Anthony also advises executors, beneficiaries and on-shore counsel in relation to applications for grants of probate and letters of administration in deceased estates before the Grand Court of the Cayman Islands and resealing foreign grants, as well as drafting wills specifically tailored for assets located in the Cayman Islands.
Wisdom Hon is a senior associate at Ogier Hong Kong. She leads the private wealth team in Hong Kong advising international wealthy families and trust companies on estate and succession planning, trust structuring, family governance, probate and estate administration. She is the contributing author to Lexis Hong Kong Practical Guidance on international private client practice. She is a qualified trust and estate practitioner (TEP) since 2012 and advises on wealth structures and estate matters relating to BVI, Cayman Islands, Guernsey and Jersey.
Those interested should register using the attached seminar enrolment form.