by AWE » Fri Dec 19, 2008 1:19 pm
But watch out for companies doing this:
"Offshore Company
1. Cook Islands Trust - $12,995
2. Nevis LLC - $1495
3. Swiss Offshore Bank Account - $550
Total discounted to $15,040
Many experts agree that the strongest asset protection tool in the world is the asset protection trust formed in the Cook Islands (south of Hawaii). When the judge in the US, for example, demands that the trust funds be brought back to the US and given to your enemy-at-law, the licensed, bonded trustee in the Cook Islands (who is outside of the US judge's jurisdiction) can refuse to comply. This puts you in a position of impossibility to comply with the judge's orders to return the funds. Your money remains safe and secure beyond the reach of the courts.
The Nevis LLC will be 100% owned by your Cook Islands trust. You are the manager of your offshore companies (in this case, the Nevis LLC). You are the signer on the accounts and have complete management control. This places a legal tool inside of the LLC that you can control until the legal duress arises."
Should the court decision follow the legal advice!