Civil contempt incarceration in the context of asset protection planning has been the subject of a tremendous amount of commentary. Some writers seem to have “an axe to grind” in this regard, as they present half-truths and innuendos as if they were the law.
Jan
01
May
01
Group Trusts – Special Planning Technique Examined
A group trust is a trust settled (created) by four or more individuals (for this purpose, a married couple counts as one individual). This technique was developed by Donlevy-Rosen & Rosen, P.A. in 2004 in response to a common problem faced by clients: often a client expressed concern not only about his/her own financial well-being, but also about others participating with the client in a business venture or other common pursuit.
Nov
01
Entity Trusts: Special Planning Technique Examined
An entity trust is a trust settled (created) by an entity, such as a corporation, limited liability company, trust, or partnership. An entity trust might also be settled by an appropriate group of entities, such as a related or commonly owned group of corporations, limited liability companies, trusts, or partnerships.
Sep
01
Legislative Update: Cook Islands 2003
In 2002 the Cook Islands were removed from the OECD blacklist (See, APN, XI, No. 2), and, on May 7, 2003, the Parliament of the Cook Islands passed a suite of Acts to update its money laundering prevention laws and procedures with the expectation of also being removed from the FATF blacklist.
Apr
01
Offshore Jurisdictions: Cayman Islands
Cayman Islands trust law is comprised of several laws, the first of which was enacted in 1967, and the most recent of which was enacted in 2001. Taken together, and referred to in the aggregate in this newsletter for convenience , one might conclude that it is focused more on trust administration rather than on any creditor protection which the trust might provide.
sending...