Cook Islands Asset Protection Trust
The Cook Islands Asset Protection Trust is designed to keep assets away from judgment creditors, provide estate planning and/or diversify your portfolio internationally. Often the trust owns 100% of an offshore LLC where you are the initial manager of the LLC and the LLC holds the offshore bank accounts.
The licensed, bonded and insured international trustee can step in under times of legal duress to protect your funds from being taken by aggressive litigants. It is recommended that you seek legal advice from a knowledgeable attorney and tax advice from a knowledgeable Tax practitioner, with special emphasis on the word “knowledgeable.” It can also be used as a family trust or Living Trust to provide Estate Planning.
At Mata & Baker Tax Consultants, we work directly with law firms in Cook Islands that specialize in Trust creation.