A Cook Islands Trust is the strongest form of asset protection worldwide. The Cook Islands are located South of Hawaii. It has the strongest asset protection case law history in the world. It is not just a theory but each time it has been tested it has protected the client’s assets…even in two cases where the strongest legal body in the world.
When the “bad thing” happens, the trustee steps in as manager of the LLC. Now, the trustee is licensed and bonded. By licensed we mean they went thorough intensive background checks to get a license. By bonded we mean that the funds are insured. Plus we use a 30-year old trust company.
For client safety and peace of mind, the only time the trustee steps in is when the courts would take the money. So, the question is this: What would you rather have, a 100% chance of the money being taken by the courts? Or would you rather have a licensed, bonded trustee, who has never taken a client’s money, do what you have paid them to do – protect your money?”
When the “bad thing” goes away the string of control – the management of the Nevis LLC – goes back to you and you are back in the driver’s seat with all of your money in-tact.
In the mean time, during legal duress, if you have bills, the trustee can pay them for you. You can have the trustee pay a trusted friend or relative who provides money for you, etc. So, you still have access to your money, but the courts do not.
The bottom line is that everything you’ve worked so hard for is safe and secure.
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