An offshore trust is a tool used for asset protection and estate planning that works by transferring assets into the control of a legal entity based in another country. Offshore trusts are irrevocable ...

The Internal Revenue Service’s current focus on tax shelters has, in general, had a corporate emphasis, trying to shut down various types of transactions that are often structured to generate losses ...

The Corporate Transparency Act has experienced significant turbulence since its inception in 2021, highlighting growing instability within the U.S. financial system. In what is described as ‘legal ...

For over 30 years, the Cook Islands has been the gold standard for asset protection trusts. This remote South Pacific nation offers ironclad protection for wealth and investments that is simply ...

Stephen K. Vetter, partner, Kozusko Lahey Harris LLP, Washington D.C. During the late 1990s, U.S. tax law became increasingly hostile to offshore trusts 1 that benefit U.S. taxpayers. Tax compliance ...

Some financial planners and attorneys recommend so-called asset protection trusts for wealthy lawsuit magnets such as doctors or lawyers. But this advice is highly controversial when the assets ...

July 8, 2021 - United States lawyers may need to litigate trust proceedings involving businesses or family assets in offshore jurisdictions if the trust in question is domiciled in one of those ...

The new WikiLeaks style disclosures and “revelations” about offshore and domestic “secret trust” arrangements will reveal a great many legitimate and perfectly legal family planning arrangements that ...

In times of uncertainty, preserving and protecting assets from creditors, lawsuits and other economic threats becomes a priority. A Cook Islands Trust could be a potential vehicle for protecting those ...

Cardi B ramped up her efforts to collect on $4 million owed to her by Tasha K — and accused the blogger of failing to disclose multiple domestic and offshore trusts as part of her bankruptcy.

The offshore banking industry has long been synonymous with discretion, cross-border efficiency, and bespoke financial solutions for globally mobile clients. Yet as artificial intelligence (AI), ...