Southpac: Five Reasons to Establish a Cook Islands Trust

A Cook Islands trust is presented as a strategic option for high risk professionals and families who want strong protection from future and existing creditors while preserving wealth for heirs. The article explains that foreign court judgments are not recognized, creditors must start fresh litigation in the Cook Islands within a short period, and they face strict proof requirements and high legal costs, which together create a strong deterrent. It also notes that trusts can last indefinitely and are not subject to foreign forced heirship rules, so assets can be passed according to the settlor’s wishes for multiple generations.

The piece adds that Cook Islands trusts are not subject to local gift, income, estate, or capital gains taxes, can hold a wide range of tangible and intangible assets, and provide access to international banks and investment advisers through Southpac’s network. If you are looking at long term asset protection, cross border planning, or simply want to understand why this jurisdiction is often cited as a high standard for trust protection, the full article offers a clear explanation of all five reasons and is worth a closer read.

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