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EN
NEVIS HIGH COURT RULES US$5.2 MILLION TRUST WILL GO TO GUATEMALA CHURCH, REJECTS SON’S INHERITANCE CLAIM
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Times Caribbean Online
The proceedings concerned the “Frigate Bay” Trust, administered by Trident Trust Company (Nevis) Limited under Nevis law.
Nathan Perry, 44, argued that his father, who died in November 2022 at age 78, intended him to become the successor beneficiary.
The judgment records that James Perry had earlier taken formal steps to designate the Guatemala church as the charitable beneficiary.
Justice Morley ultimately declared that the approximately US$5.2 million Frigate Bay Trust is held by Trident for the Union Church of Guatemala.
Justice Morley observed that the findings in the Frigate Bay proceedings also supported the conclusion that James Perry had not ultimately intended Nathan to inherit Navigator.