The Anderson Case: A Cautionary Tale in Offshore Asset Protection
The FTC v. Affordable Media, LLC case, also known as the Anderson Case, is a well-known example of what can go wrong with offshore asset protection trusts. This article breaks down the Anderson Case and highlights key lessons for better asset protection. Background The Andersons, Michael and Denise, were sued by the Federal Trade Commission […]
Understanding IRA Protections
Individual Retirement Accounts (IRAs) play a crucial role in securing a stable financial future for retirees. These accounts, which include Traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs, offer tax advantages that help individuals save for retirement. However, an equally important aspect of retirement savings is the protection of these accounts from creditors. This […]
The Anti-Hero of Cook Islands Trust
Previously, the idea of Cook Islands trusts has come under attack by public naysayers, who some dub “The Anti-Hero of Cook Islands Trust Asset Protection.” These authors have penned a number of articles that cast these offshore trusts in a negative light, but do these write-ups tell the full story? While similar published material portrays […]
Why Offshore Trusts Might Not Be Right for You
Wealthy Americans have taken advantage of offshore trusts for decades. A recent IRS study found that about 60% of those who land in the top 0.01% in the United States in terms of wealth keep assets in foreign accounts. If offshore trusts are good enough for these Americans, could you also benefit from them? Possibly. But […]
The Evolution of International Trust Laws: From 1984 to Today
International trust laws govern the process of setting up a means of protecting your assets across international borders. As an American citizen, you can set up an international trust to control your assets beyond the jurisdiction of U.S. civil creditors. U.S. judges cannot gain access to your assets because of how international trust laws are […]
Can Your Inheritance Be at Risk of a Lawsuit?
A recent U.S. Federal Reserve survey found that fewer than one-third of American households are fortunate enough to receive inheritances when their loved ones pass away. It also discovered that about 90% of households lucky enough to land inheritances only receive an average of between $9,700 and $45,900. If you ever find out you’re […]
Best Offshore Bank Accounts for Asset Protection
If you want to protect your assets and keep your finances private, offshore banking might be on your radar. What are the best offshore bank accounts for asset protection? People who move money out of their home country often choose international banks in Switzerland, the Cook Islands, Singapore, Hong Kong, and various other countries. Below, […]
What Assets Can Be Taken in a Lawsuit?
No matter what your net worth is, work to protect it. More specifically, protect your assets in case of a lawsuit. What assets can be taken in a lawsuit filed against you? Make sure you can answer this question to avoid having to part ways with assets following a legal battle. Let’s take a look […]
Questions To Consider When Hiring a Cook Islands Trust Attorney
If you are a high-net-worth individual or work in a high-risk profession, you may have already considered asset protection solutions. If you’ve done any research, you’ve probably come across Cook Islands Trusts. Like many offshore trusts, Cook Islands Trusts offer more security and privacy than many domestic trusts. However, establishing any trust is complicated — and […]
The Relationship Between the Cook Islands and New Zealand
The Cook Islands is one of the best jurisdictions in the world for protecting assets through trusts. If you’re considering using a Cook Islands Trust to protect your wealth, you might wonder why this small island nation is a good choice. The Cook Islands, although independent, has a close relationship with New Zealand. The Cook […]