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Podcast: Offshore Tax with HTJ.tax
Episode: Limitations of the Cook Islands Trust
Description: Cook Islands trusts are powerful asset-protection tools, but they are not magic shields. In this episode, we take a clear-eyed look at the limitations of Cook Islands trusts—what they are not designed for, and why understanding these boundaries is essential for anyone considering this structure.🔎 In This Episode, You’ll Learn:1️⃣ Not a Tool for Existing CreditorsCook Islands trusts are intended to protect against future, unknown claims. If assets are transferred after a lawsuit has started or when a claim is already foreseeable, Cook Islands courts are likely to rule agains...