News/Blog

Stay up to date with helpful articles, blog posts and news updates from the team at Trustees & Fiduciaries (Cook Islands) Ltd. 

Documenting Trust Dispositions

When assets are transferred to a trust, it is important to clearly document the disposition of the assets. This documentation will help to ensure that the trust is properly administered and that the assets are properly accounted for. The following information should be included in the documentation: The name of the trust The date of the transfer The identity of the transferor The identity of the beneficiary A description of the assets being transferred The value of the assets being transferred The reason for the transfer The documentation should be signed by the transferor and the trustee. It should also

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Cook Islands Government support ‘heartening’

I had the privilege to be in parliament to witness the passing of the International Relationship Property Act 2021 a new and innovative piece of legislation which is unique to the Cook Islands.  The concept behind the IRPA is simple, it gives spouses the right to choose to keep their assets intact in the event they separate in future. This legislation will provide a foundation for future growth in the Trust Industry in the years to come.  I was heartened to hear both the leader of the opposition, Hon Tina Pupuke Browne, and Prime Minister, Hon Mark Brown, acknowledge that

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