By Howard Rosen

Tenancy by the Entireties Protection Weakened: The Craft Case + Cook Islands / Nevis Update

Howard Rosen, Esq. • May 16, 2002

Tenancy by the entireties (“TBE”) is a form of joint ownership which is created during marriage and which can only exist between spouses. Among the traditional legal characteristics of TBE is that one spouse cannot mortgage, sell or otherwise dispose of any portion of the property without the joinder of the other spouse, as the property is deemed to be owned by the marital unit and not by either spouse individually.

Merrill Scott and the Anderson Case: There’s Good News and More Good News

Howard Rosen, Esq. • February 16, 2002

The APN has repeatedly warned our readers against so called “too good to be true” income tax reduction schemes involving offshore entities. In this issue we’ll see what recently happened in one such case.

Asset Protection Update: Report on Federal & Florida Developments

Howard Rosen, Esq. • October 20, 2001

Volume X, Number 2 – October / November 2001 INTRODUCTION This issue was scheduled to discuss certain qualified retirement plan protection techniques. Instead, we want to alert you to interesting recent developments. FEDERAL UPDATE The new bankruptcy law, which, prior to September 11, was certain to have been enacted, is now defunct. In view of […]

Trusts – a ‘Limited’ Combination

Howard Rosen, Esq. • June 17, 2001

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.

Offshore Trust / Offshore LLC Combination: Significant Improvement Over Partnership / Trust Structure

Howard Rosen, Esq. • April 20, 2001

Volume X, Number 1 – April / May 2001 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 in many ways, a superior structure utilizing a single-member Nevis […]

Saving Estate Taxes in the U.S. Through Offshore Trusts

Howard Rosen, Esq. • November 17, 2000

Usually articles and studies concerning offshore trusts have focused on their use for asset protection. However another, very important, use of a certain type of offshore trust, is to effect estate tax savings. This can be accomplished by ‘freezing’ the value of trust assets vis-a-vis the settlor’s estate at current values. Result? Any future growth in asset values will escape US federal estate taxation, thus increasing the amounts received by children and other beneficiaries. A variation of this technique can also be used for non-resident aliens owning US real estate, or those wishing to immigrate to the United States, to practically eliminate any US estate tax on death.