Your Guide to Splitting Assets in a Divorce
When exchanging vows or walking down the aisle, divorce isn’t on the minds of the couple. However, since half of marriages end in divorce, thousands of Americans face the reality of splitting assets in a divorce every year. When splitting from a long-term partner, you must go through the process of untangling your life from […]
Are Offshore Accounts Legal? A Complete Guide
Offshore accounts are known to carry a questionable reputation. In actuality, most people use offshore accounts simply to protect their wealth, diversify their investments, plan for future generations, and more. So, are offshore accounts legal? Foreign accounts, when used correctly, can be some of the safest options for protecting your wealth. Below, we’ll discuss everything […]
Asset Protection Strategies for Professional Athletes
Professional athletes, like anyone with significant wealth, can benefit greatly from implementing asset protection strategies. In addition to their significant income, professional athletes often enjoy widespread fame and recognition, which could be an additional risk factor for potential legal disputes. Asset protection uses a combination of legal and financial strategies aimed at safeguarding an individual’s […]
The Ultimate Guide to Understanding Fraudulent Conveyances: Unveiling the Mysteries of Asset Transfers
Navigating the complex waters of financial asset management is a necessity for anyone keen on safeguarding their wealth. A crucial concept to grasp within this realm is that of fraudulent conveyances, a term that often surfaces in financial literature and seminars. This guide, curated from an in-depth presentation by Blake Harris of Blake Harris Law, […]
U.S. Courts Limiting the Use of Third-Party Releases
In bankruptcy, a “third-party release” is a legal provision that allows a court to release a non-debtor party from claims or liabilities related to the bankruptcy case. If you’re navigating the complex world of bankruptcy or merely curious about recent legislative changes and court rulings, this guide sheds light on the topic. Understanding Third-Party Releases […]
Navigating the Waters: The Strength and Limitations of Cook Islands Trusts
The Cook Islands, a small nation in the South Pacific, has emerged as a leading jurisdiction for asset protection. Its International Trusts Act of 1984, bolstered by subsequent amendments, provides a robust framework for safeguarding wealth against potential legal threats. While the act has fortified asset protection provisions, it’s essential to understand its strengths and […]
The Battle of Jurisdictions: U.S. Courts vs. Cook Islands Trusts
The legal landscape is a complex web of international jurisdictions, especially when it comes to the enforcement of judgments across borders. Central to this complexity is the ongoing conflict between U.S. courts and Cook Islands Trusts. As Asset Protection Attorney Blake Harris emphasizes, understanding this conflict is crucial for individuals and businesses looking to safeguard […]
The Cook Islands Trusts: The Ultimate Asset Protection Strategy
In an age where legal risks and financial uncertainties abound, asset protection has become paramount for individuals and businesses alike. The Cook Islands, a picturesque nation in the South Pacific, has emerged as a beacon for those seeking robust asset protection. The Cook Islands International Trusts Act of 1984, coupled with the guidance of asset […]
Navigating the Complexities of Fraudulent Transfers in Trusts
Trust law is a multifaceted domain, and fraudulent transfers can be an important issue. These transfers can jeopardize the core purpose of trusts, which are instituted to secure assets and ensure their proper management and distribution. Understanding Fraudulent Transfers Fraudulent transfers involve the deliberate relocation of assets into a trust to escape creditors or other […]
Comparing Domestic and International Trusts: The Cook Islands Advantage
The allure of international trusts as a means of asset protection has seen a significant rise in recent years. While domestic trusts, typically governed by the laws of one’s home country like the United States, offer certain benefits, they often come with limitations. In contrast, international trusts, especially those established in the Cook Islands, present […]