Exempt trusts can receive guarantee up to 100 years. My partners include a barrister in Anguilla, and a criminal attorney here in Nassau. I act as a US tax consultant for Americans and foreign clients alike. These lawyers have over 40 years of business experience. Lawyers and offshore banks charge substantially more to do the same thing.
Lawyers also charge extra for drafting the trust instrument.
Administrative fees at the larger local banks can also make their costs skyrocket. It is my opinion that a trust indenture drawn by a Bahamian Lawyer or Trust Company is all but worthless to a US Taxpayer. They simply are not trained or knowledgeable in US Tax Law. We think so. Two directors are required for a Bahamian IBCs.