BELIZE TRUSTS ACT, Revised 2000
Belize, as a result of its 2000 trust law, now present the most modern and flexible trust legislation in the world as the following review will illustrate:

The Trust
Under the Act, trusts may be created either by oral declaration or by written instrument without any formalities or technical expressions. Unit trusts must be in writing and trusts relating to land in Belize cannot be enforced unless they are in writing.

The trust may state the proper law; if silent, then the law with which the trust has its closest connection at the time of creation shall be the proper law. If the law intended by the settlor or the law with which the trust has its closest connection does not provide for the types of trusts involved, then the law of Belize shall be the proper law.

Draftsmen may draw trusts with severability, and severable aspects of the trust may be governed by laws of different jurisdictions. The trust may also provide that the proper law or the law governing severable aspects of the trust may be changed from one jurisdiction to another.
Importantly, where the proper law or the law governing a severable aspect of the trust is changed to the law of Belize, the law of the old jurisdiction cannot operate to make void or invalidate the trust or the functions of the trustee. The converse also holds true. When the trust leaves Belize, the law does not apply to the trust so as to impair it nor invalidate the functions of the trustee.

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No responsibility is assumed for any inaccuracies contained in these documents.
Belize Trust Act Revised 2000.

BELIZE TRUST SERVICE PROVIDERS

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