This bill amends Titles 15, 28, and 5 of the Virgin Islands Code to provide additional protections for trust settlors, beneficiaries, and trustees. It introduces new provisions for fiduciaries and trusts, including purpose trusts, protection from creditors, and rules for noncharitable trusts. The bill also addresses directed trusts, qualified dispositions, and the applicability of Virgin Islands law to trusts. It aims to promote the use of trusts in the Virgin Islands, generating business opportunities and government revenue.
documents/EFTA00812591.pdf
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