Cook Island Trusts
Want a trust that will protect your assets from judgements from foreign courts?
That protection includes divorce decrees, alimony, civil lawsuits from partners, employees, vendors, or investors, or civil judgements among others.
Since its inception in 1984, the Cook Islands Trust has been well regarded as the gold standard of wealth, asset, and property protection.
While trusts have often been the go-to vehicle for those in professions with high litigation risk (venture capitalists, doctors, attorneys, etc.), a Cook Islands Trust can be used by anyone looking to protect their assets from creditors, litigation, and judgements.
The settlor of a Cook Islands Trust can also be the trust’s beneficiary so you can control the trust’s direction.
A Cook Islands Trust can protect a broad scope of assets, both tangible (real estate, art, vehicles, etc.) and intangible (securities, cryptocurrency, patents, etc.). A Cook Islands Trust can also protect your assets in the event of divorce thanks to the Cook Islands International Relationship Property Trust Act.
The CIIRPTA helps divorcing spouses protect offshore trust assets for their beneficiaries, rather than allow the property to be divided by the divorce courts.
These trusts also establish multigenerational wealth protection as there is no perpetuity period for a Cook Islands Trust. The assets contained within the trust are also not subject to probate or intestacy laws.
It’s not a free for all though and we help you avoid the pitfalls.
We provide a trusted foreign trustee (required) and the trust must report to the IRS annually.
Get in touch for details.
