Thoughts on rate hikes and their impact on offshore trust structures

It's interesting to see how the continuous rate hikes are starting to ripple through the financial system, and I've been considering what that means for various offshore trust structures. Higher rates generally make holding cash more attractive, which might shift some focus away from more complex, illiquid strategies within trusts, pushing towards more conservative, rate-sensitive instruments. I'm keeping an eye on how jurisdictions known for their stability adapt their offerings, especially if we see a continued trend of higher for longer, as it could really change the appeal of certain domiciles for those looking to optimize their estate planning. Given the current macro environment, I'm just curious if others are seeing a similar pivot or any new considerations emerge in their own offshore watchlists.