The key role our directors have played in the inception and development of Cook Islands asset protection legislation, together with their litigation and management experience over the last 40 years enables us to provide the following special services.
STRUCTURING OF ASSET PROTECTION TRUSTS FOR HIGH NET WORTH CLIENTS
There are no “standard asset protection structures” for high net worth clients. We carry out an asset protection “audit” of client assets in conjunction with other professionals and advise on appropriate structuring both domestic and international.
MANAGEMENT OF TRUST LITIGATION
The principals have more than 50 years combined experience in the trustee business. We have had particular experience in defending trust structures against litigation, including actions brought against trusts and trustees by third parties.
We typically engage and work together with specialist law firms in New Zealand as well as in the settlor’s host jurisdiction. Separate representation may be required for the trust, and for the trustees, as well as for the settlor and any beneficiaries. Injunctions must be addressed to ensure legal fees and normal trust expenses relating to trust assets and maintenance continue to be paid out of trust funds. In these situations competent management of legals by the trustees is crucial to ensure success and cost effectiveness.
Our directors have extensive experience in managing multimillion dollar cross border litigation against trusts and trustees by third party creditors.