• Strong asset Protection Provisions
• Letters of Wishes recognized
• Protectors may be appointed
• Exempt Trusts are free from Local Taxes
• Variant Trusts are recognized
• One hundred twenty years maximum duration
• Charitable and Non-charitable Purpose Trusts
• Spendthrift Trusts in favour of Settlers
• Wide investment powers given to trustees
• Registration optional

The Act makes provisions for the law relating to trusts and trustees and related matters.

1. All trusts other than unit trusts may be created by oral declaration or by instruments in writing.

2. Trusts may be created for a maximum of 120 years and income may be accumulated for a similar period.

3. Letters or memoranda of wishes may be given to trustees.

4. Spendthrift trusts may be created in favour of settlers.

5. Charitable and non-charitable purpose trusts may be created.

6. Trusts recognized by the law, religion and nationality of different countries may be valid in Belize.

7. Trusts instruments may make provision for the proper law of the trust and may provide for several aspects of the trust to be governed by a different law. The trust may also provide for changing of the proper law or the governing law.

8. Where the proper law or governing law of a Belize trust is changed to the law of Belize, any previous law cannot operate to vitiate the trust. Also, if the governing law or proper law is changed from the law of Belize, the law of Belize cannot operate to invalidate the trust.

9. A Belizean Court cannot vary or set aside a trust or recognize the validity of a claim against trust property pursuant to the law of another country in respect of marriage, divorce, succession, or claims of creditors.

10. Trustees are given clear guidance for investments and are given wide powers of maintenance, advancement and appointment.

11. Simple procedures are given for the appointment and removal of trustees. Only one trustee is required. Corporate trustees may be appointed. Trusts may provide for the remuneration of trustees.

12. If neither the Settler, nor the beneficiaries are resident in Belize and the trust does not own land in Belize the trust is exempt from taxation.

13. Trusts may be registered at the option of the Settler. The registration fee is quite low.

14. The Courts have jurisdiction over trusts to enforce them and give relief where necessary.