Guide to BVI Share Trust

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Harneys pioneered the BVI Share Trust, a simplified trust for clients who own shares in BVI companies with the primary objectives of (1) avoiding any forced heirship rules applicable in the country of domicile/habitual residence of the client; and (2) circumventing the requirement to obtain a grant of probate or letters of administration in the BVI (probate) in respect of those shares. Harneys have revised the Share Trust to offer a simpler, even more cost effective trust to meet these objectives.