In this issue, we discuss an additional, and in many ways, a superior structure utilizing a single-member Nevis LLC in combination with a Cook Islands trust.
Nov
01
Prevention of Money Laundering
The Cook Islands and Nevis have recently enacted anti-money laundering legislation in response to being included in negative reports issued earlier this year by the OECD and the FATF. Neither enactment will have any negative effect on legitimate asset protection planning.
Sep
01
Titling Assets: Pitfalls to Avoid (Part 1)
The Andersons established a Cook Islands Trust and funded it with (among other assets) commissions earned in connection with marketing late-night water-filled dumbbells and similar products. The Federal Trade Commission sought to freeze the Anderson’s assets and found, to its dismay, that it could not freeze the Anderson’s assets because they were safely tucked away in a Cook Islands Trust.
Jan
01
Review of Offshore Jurisdictions (Part 1)
With this issue we begin a periodic review of selected offshore jurisdictions. These reviews will cover such factors as the legal system, the geographic location, communications facilities, availability of professional services, and other items we deem pertinent.
Jan
01
Selecting an Offshore Jurisdiction for the APT
Selecting the jurisdiction in which the Asset Protection Trust (“APT”) will be located is a very important step. Consideration must be given to a number of factors at that location.
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