Retirement Income and Protection Plan Guidance: State-by-State
Year after year, you’ve dutifully saved for retirement. What happens if creditors come knocking? Do they have any right to seize your retirement funds, or is that money protected? It depends. If you’ve stashed your money in one of several ERISA- (Employee Retirement Income Security Act) qualified plans, you’re usually safe. If not, your retirement […]
Cook Islands Trust Fees Beyond Setup Costs
If you plan on opening an offshore trust in the Cook Islands, that’s probably a smart choice. This jurisdiction offers strong asset protection as it doesn’t recognize foreign judgments. Creditors must file fraudulent transfer claims with Cook Islands courts, a burdensome and expensive process many won’t attempt. However, you may have some questions about Cook […]
Here’s How Much It Costs To Maintain an Offshore Trust
Setting up an offshore trust isn’t as simple as stashing your money in the Bahamas and calling it a day. You’ll have to consider setup fees, administrative charges, legal costs, and other expenses. Those fees can add up quickly, but the peace of mind an offshore trust brings is often well worth it. Wondering how […]
Setting Up a Cook Islands Trust While in a Lawsuit
Cook Islands offshore trusts provide one of the strongest levels of asset protection in the world. Many wealthy individuals choose the Cook Islands due to its favorable laws during legal proceedings. But what happens if the lawsuit has already begun before you set up the trust? Experienced asset protection attorneys from Blake Harris Law discuss […]
How Safe Is an Offshore Trust for Wealth Protection?
Offshore trusts are often viewed as a top-tier asset protection strategy for the wealthiest individuals, but do they safeguard assets the way many claim? The safety of offshore trusts largely depends on the jurisdiction you select, how you structure the trust, and more. So, how safe is an offshore trust for wealth protection, and what […]
Cayman Islands Trusts and Cook Islands Trusts: A Comparison
The Cayman Islands and Cook Islands stand as premier jurisdictions for trust creation and management, drawing individuals and businesses worldwide due to their financial acumen, robust legal frameworks, and well-regulated environments. Considering establishing a trust in one of these offshore jurisdictions? This article examines the similarities and differences between trust structures in the Cayman Islands […]
The Ultimate Guide to Asset Protection for Real Estate Investors
Imagine a scenario where a tenant is injured on your property and is claiming seven figures in damages. This tenant hires an aggressive attorney who finds out you have deep pockets and wants to sue you for “everything you’re worth.” What if, instead of finding out that you’ve built an empire, the attorney and his […]
Protecting Assets in High-Net-Worth Divorce: A Full Guide
Breaking up a marriage is always stressful, especially if you’re preparing to navigate a high-net-worth divorce. With many assets to divide and a lot of money on the table, divorce can turn into a protracted, public, litigated mess that strips away much of your hard-earned property. Knowing the ins and outs of this process can […]
Offshore LLCs: A Versatile Asset Protection Tool
Offshore LLCs (limited liability companies) can hold, manage, and protect assets, provide business flexibility, and preserve your privacy. Many choose to set up an offshore LLC in Saint Kitts and Nevis. Other popular locations include the Cook Islands, Belize, and Singapore. Let’s dive deeper into what an offshore LLC is and how it can contribute to […]
Prenuptial And Postnuptial Agreements
If you’re preparing to walk down the aisle, you might have considered whether to get a prenuptial agreement or wait until you’re married and opt for a postnuptial agreement. Whether you choose one or the other, or even both, having one of these agreements in place can provide you with a financial safeguard. Without a […]