Why a Cook Islands Asset Protection Trust is so Good?
There is offshore asset protection and then there is Cook Islands offshore asset protection. There are few offshore asset protection trusts that can offer you the kind of security and reliability than those set up within the jurisdiction of Cook Islands. An offshore protection trust in the Cooks allows you…
Boom in Age Discrimination Lawsuits during Recession
A bad economy has meant more numbers of people being laid off work, and unfortunately, turning their guns on their employers. The Equal Employment Commission has reported a substantial increase in age discrimination claims filed in 2009. In fact, the number of age discrimination claims last year reached a 10-year…
Protecting the Purchasing Power of your Assets
Asset Protection Beyond just Protecting from Lawsuits Over the past year I have been getting at least as many questions about protecting the "value" of the assets of my clients as I have in protecting the assets themselves. And this is perhaps one of the most rational questions any of…
When It Comes to FLPs, the Devil is in the Details
Earlier this year, the New York Times discussed the value of Family Limited Partnerships to keep assets in the family, and how these strategies could be used or misused. The advice in the piece goes well with what asset protection attorneys would also advise clients. Family Limited Partnerships can be…
Question of Trust: Can My Nevis Asset Protection Trustee Be Trusted?
The role of the trustee in your asset protection trust can't be overstated. It's not just when things are going good that you will appreciate having a reliable trustee. However, when things begin to look bad, you will really appreciate having a trustee who can help you regain control over…
Is Your Bar/Restaurant/Club Threatened by Your State’s Dram Shop Laws?
This week, a gentleman's club in Chicago agreed pay $1 million to pay for damages arising out of a fatal accident involving one of its patrons. The establishment had no alcohol policy, but didn't prevent patrons from bringing their own alcohol. On the day of the accident, the man and…
What Are the Tax Implications of Asset Protection?
There is a frequent misconception that anything to do with asset protection must inevitably involve higher taxes, increased IRS scrutiny and other undesirable situations. Nothing could be further from the truth. Asset protection is not illegal, but should not be considered as a means of saving taxes. In fact, our…
Cook Islands for Offshore Asset Protection
More than two dozen foreign jurisdictions now allow offshore asset protection trusts, but only a few of these have laws strong enough to keep creditors and plaintiffs far enough away from your assets. One of these is Cook Islands. This sleepy island was transformed from a Pacific haven into a…