By Anthony Partridge, Giorgio Subiotto, Fraser Allister - Ogier From ILO

• persons;
• purposes (charitable and non-charitable); or
• both of the above.
• The STAR trust is established with a view to holding the shares in a Cayman Islands private trust company.
• The purpose of the STAR trust is to establish (or acquire the shares in) a private trust company and to ensure that the private trust company fulfils its role as trustee of a trust or series of related trusts.
• By arranging for the private trust company to be 'owned' by a STAR trust, the problems of succession in relation to the ownership of the private trust company are avoided.