Offshore protection is a big topic in asset protection. Belize, Cooks and various asset protection offshore strategies are discussed.
This article is a continuation of Why Offshore is the Strongest Form of Asset Protection: Even Better Than Special Powers of Appointment. Once a lawsuit is filed against you and a plaintiff's attorney discovers the existence of a domestic trust,…
In a very recent article, we discussed the concept of powers of appointment in asset protection trusts. The use of a power of appointment can be used in domestic and in conjunction with other tools creating offshore asset protection. We…
A self-settled trust is one where the person creating the trust (the "settlor") is also the beneficiary. It's easy to understand why courts frown on this type of trust for asset protection purposes. In theory, a self-settled trust could simply…
One major concern for people considering offshore trusts as a protection mechanism is control. Control of the assets. Giving one's assets to a trustee who is expressly prevented from returning those assets by the express language of the governing trust documents can…
We wrote previously about Olmstead v. FTC and its possible effect on asset protection plans. This article is an in depth look at the Olmstead decision itself, the reasoning employed by the Justices of the Florida Supreme Court, and the…
We sometimes come across clients who are under the false assumption that any program that has the term “offshore” attached to it, must automatically have something to do with illegal money laundering. That is not the case at all. An…
The biggest myth that asset protection lawyers come across is that only the super wealthy need to protect their wealth. Nothing could be further from the truth. A disgruntled employee who wants to make a quick buck at your expense…
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…
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…
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…