Domestic Asset Protection
All of these domestic structures can protect your assets—but when it comes to using the cash flow from those assets to support your lifestyle, domestic asset protection structures have severe limitations. A court can always block the use of the cash flow to support the debtor’s lifestyle through a court-issued Protective Order, leaving no ability for the debtor to pay his bills. The tougher you make it for a future creditor to reach your assets, the quicker the case will be settled for a much smaller sum.
Foreign Asset Protection
Since 1990, the Cook Islands have been regarded the premier asset protection trust jurisdiction in the world. More lawsuits involving Cook Islands trusts have been favorably settled than in any other jurisdiction.
What is an Asset Protection Trust?