In Trusts I Trust
The attraction of the trust concept is straightforward: the trust is the most flexible financial instrument for making estate planning arrangements, short term or long term, free from the restrictions of the legislative rules of the domicile. Whatever your wishes may be for the future ownership, management, and enjoyment of your property, they can almost certainly be achieved by using a trust. Trusts can also be used for commercial purposes -- mutual funds and structured debt for instance.
Forming a trust is a good idea wherever you live. But if you are unsure of where to start one you should definitely look at Cayman and maybe the Isle of Mann. Cayman is a very attractive jurisdiction to start a trust because they have gone out of their way to enact legislation to extend the protection and realm of trusts -- most notably,
The Special Trusts Act of 1997which substantially extends Cayman's trust planning framework. This law allows for trusts for any purpose (charitable trusts, person trusts, and purpose trusts) as well as mixed trusts, provided they are lawful and not contrary to public policy.