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In a world where financial privacy is diminishing and litigation risks are rising, individuals and businesses are seeking strategic ways to secure wealth. One powerful solution lies in the use of an international asset protection trust, a legal structure that offers strong safeguards against creditors and legal claims. Popular among high-net-worth individuals and entrepreneurs, these trusts create a legal firewall between assets and potential liabilities. This article explores the features and benefits of international trusts and also examines the costs associated with establishing a Cook Islands trust. UNDERSTANDING INTERNATIONAL ASSET PROTECTION TRUSTS An international asset protection trust is a type of irrevocable trust established in a jurisdiction known for its strong privacy and creditor protection laws. These trusts are structured to shield assets from future legal claims, often outside the reach of domestic courts. A settlor places assets into the trust, which is th...
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