Individuals with significant net worth and charitable goals should consider an asset protection strategy to ensure that their charitable goals will be met. Our contingency fee legal system makes it relatively easy for a lawsuit – justifiable or not – to be brought against a “high value target”. Therefore prudent planning dictates asset protection to be certain that charitable and other dispositions will be made as desired.
There is now available a superior trust structure in which a single-member Nevis limited liability company (LLC) is used in combination with a Cook Islands trust.
Volume X, Number 1 - April / May 2001 © Donlevy-Rosen & Rosen, P.A. Click for full sized image INTRODUCTION. Many of our newsletter issues and articles have described an effective asset protection plan utilizing a U.S. limited partnership in combination with an offshore trust (“LP/TRUST PLAN”). In this issue, we discuss an additional, and [...]