By Patricia Donlevy-Rosen

The Cook Islands Stand Up to the U.S.

Howard Rosen, Esq. • September 16, 1999

The Andersons established a Cook Islands Trust and funded it with (among other assets) commissions earned in connection with marketing late-night water-filled dumbbells and similar products. The Federal Trade Commission (“FTC”) sought to freeze the Anderson’s assets (along with the assets of others involved in the program) and found, to its dismay, that it could not freeze the Anderson’s assets because they were safely tucked away in a Cook Islands Trust.

Review of Offshore Jurisdictions: Jurisdiction 5 – Nevis

Howard Rosen, Esq. • March 20, 1999

With this issue we continue our periodic review of selected offshore jurisdictions. These reviews cover such factors as the legal system, the geographic location, communications facilities, availability of professional services, and other items we deem pertinent.

An Overview of Offshore Annuities – Significant Advantages Available

Howard Rosen, Esq. • January 16, 1999

Contractual arrangements which qualify as annuities for U.S. income tax purposes provide a tax-deferred (not tax-free) environment within which investments can grow. “Tax-deferred” means that, as long as certain statutory and regulatory requirements are satisfied, no U.S. income tax will be imposed on the earnings and gains generated within the annuity contract. Annuities are available in a variety of “shapes and sizes”.

The Importance of Proper Asset Protection Design

Howard Rosen, Esq. • October 1, 1998

Domestic Asset Protection Trusts: Do They Work?

Howard Rosen, Esq. • September 17, 1998

Many seminars and articles of late have introduced and discussed the concept of domestic asset protection trusts. This is primarily a result of “protective” trust legislation enacted in 1997 by Alaska and Delaware (Missouri has also enacted such legislation, but has not promoted it as have Alaska and Delaware). But is this domestic planning effective?

Domestic Asset Protection Trusts: How Do They Compare With Offshore?

Howard Rosen, Esq. • March 16, 1998

In this issue we will examine the importance of proper design of the asset protection trust, and, integrally related to proper trust design, the importance of competent, experienced counsel. We’re sure you have all heard the expression, “bad facts make bad law”. That is the unfortunate circumstance of Mr. and Mrs. Anderson. Adding insult to injury, incompetent or inexperienced counsel can make matters even worse.