STEP Cayman 2024 – Our key takeaways

• Trustees should familiarise themselves with clients' normal behaviours to identify undue influence issues early
  
  
• Developing a strategy for ethical and responsible use of AI is vital to mitigate risks like confidentiality breaches
  
  
• The Cayman Islands' legal provisions and flexible entities, like Foundation Companies, offer adaptable wealth planning options

Senior counsel Daisy Boulter also spoke on 'Resolving issues caused by problematic trusts and structural vulnerabilities with the assistance of the court' and associate Thea Maitland discussed 'Understanding Cayman Islands Trusts'.

Our PCT and IDR attendees have identified their key takeaways from the conference on the latest activity in the trusts in litigation space.