By Tarita Hutchinson, Managing Director, Southpac Trust COOK ISLANDS UPDATES THE FTRA The Cook Islands will debate the Financial Transactions Reporting Bill at its next session of Parliament. The bill is designed to replace the 2004 Financial Reporting Transactions Act as part of the jurisdictions on-going commitment to providing high quality financial services to global […]
By Patricia Donlevy-Rosen
What protections are afforded assets in an offshore trust from fraud and theft by the trust company and its employees?
This article in our Common Client Questions Series focuses on an unpopular subject, but one that affects 2.4 million Americans each year: divorce. Divorce attorneys dislike asset protection planning. Unlike other litigation where the plaintiff’s attorney often works on a contingency fee basis, in a divorce proceeding both attorneys have a financial interest in prolonging […]
Money managers and brokers find themselves uniquely positioned to advise their clients on a range of issues, including asset protection. Whether they are queried by the client, or are proactively counseling the client on risk, advisors often steer client decision making on the various options for asset protection planning. Unfortunately, some effective options for asset […]
What happens when I die, when my spouse dies? The trust has built-in mechanisms to handle the death of one settlor, the simultaneous death of both settlors, and the needs of the surviving settlor.