Using Cook Islands Trusts in Estate Planning
Estate planning has evolved with the increased use of international trusts, and among the frontrunners in this domain are Cook Islands Trusts. These trusts have gained prominence for their unique blend of asset protection, confidentiality, and tax benefits. Cook Islands Trusts for Estate Planning Asset Protection and Wealth Transfer The Cook Islands, through its International […]
Understanding the Strength of Cook Islands Trusts: A Deep Dive into Notable Court Cases
The Cook Islands, located in the South Pacific, have garnered a reputation for robust asset protection, largely due to the Cook Islands International Trusts Act of 1984. However, the true testament to the strength of Cook Islands Trusts lies not just in their statutes but in the case law that has rigorously tested these trusts […]
An In-depth Introduction to Cook Islands Asset Protection Trusts
The global financial landscape has seen a significant rise in the prominence of international asset protection trusts. Among the jurisdictions that facilitate these specialized trusts, the Cook Islands stands out as a leading player. This independent nation in the South Pacific offers a unique blend of asset protection and estate planning solutions, making it a […]
Challenges for Foreign Banking for U.S. Citizens
U.S. citizens face mounting challenges in foreign banking driven by global institutions’ hesitance due to stringent U.S. regulations, like FATCA and increased oversight from entities such as the IRS and SEC. This evolving landscape is reshaping how Americans navigate overseas financial services. Financial institutions in many different countries, including those in Switzerland, the United Kingdom, […]
Understanding Jersey Trusts: A Beginner’s Guide
Protecting your physical and financial assets is essential if you are a business owner or high-net-worth individual. Jersey Trusts make it easy to prepare for business succession, and manage important financial decisions for your family. By establishing a Jersey Trust and placing funds or real estate in the trust, you can defend yourself against predatory […]
Is a Bermuda Trust Right for Your Asset Protection Strategy?
In evaluating various trust options, many people turn to offshore trusts for asset protection, tax planning, and diversification. There are a handful of jurisdictions across the globe that provide offshore asset protection trusts, including Bermuda. Not all offshore trusts are created equal, however, and this article outlines the basics of Bermuda Trusts to help you […]
Cyprus Trust: Effective Offshore Asset Protection Strategy
You have spent your life making investments, saving cash, and building a diverse portfolio. You now want to safeguard your hard-earned money with a comprehensive asset protection plan. If you are looking for a safe place to protect your assets from creditors, or if you simply want to set aside certain assets to bequeath to […]
Gibraltar Trust Asset Protection: What You Need to Know
While many people know they can protect their assets from seizure by creditors or legal judgments with a trust, understanding international trust law for offshore trusts is a little more complex. One type of offshore trust, a Gibraltar Trust, offers significant protection for foreign settlors who create trusts based in Gibraltar. If you’re considering protecting […]
Trust Caselaw of the Cook Islands
A Cook Islands Trust is a type of trust that can be used to plan for multiple generations and protect assets from lawsuits and creditors. This type of trust allows the person who established the trust to also be a beneficiary and enjoy the legal protections afforded to the beneficiaries and assets of such trusts. […]
All About Using a Trust To Protect Assets in a Divorce
While no one wants to plan for the event that they’ll eventually go through a divorce when getting married, “till death do us part” isn’t for everyone. Divorce is a long and treacherous process, both legally and emotionally. Protecting your assets is one way to ease the pressure of a divorce. Working with the professionals […]