The Bermudan government has changed its laws in a bid to make itself more attractive to multi-generational wealthy families seeking to establish trusts in offshore trust jurisdictions, following the example of other offshore jurisdictions Jersey and Guernsey.

The Bermuda Parliament passed the Perpetuities and Accumulations Act 2009, which abolishes the rule against perpetuities for Bermuda law trusts, which requires interests in property to vest within a certain period and which effectively imposes a maximum life span on trusts.