Tag: offshore trusts

PEST CONTROL – A RISKY BUSINESS: WHAT YOU NEED TO DO TO PROTECT YOURSELF

Howard Rosen, Esq. • January 19, 2021

By: Howard Rosen, Attorney, © 2021 Donlevy-Rosen & Rosen, P.A. Direct line: 305-459-3289 Anyone in the pest control business (PCB) is aware of the risks and controversies involved in that business. Most commonly, there is always the everyday risk of an employee getting into a serious automobile accident with a company vehicle, particularly since companies […]

SIGNIFICANT TAX PLANNING OPPORTUNITY MAY SOON DISAPPEAR

Howard Rosen, Esq. • September 15, 2020

2020 – OUR 28th YEAR OF PUBLICATION! Volume XXVII • Number 3 • September 2020 TIME IS OF THE ESSENCE – TAKE ADVANTAGE NOW INTRODUCTION As you know, the Trump tax cuts (2017 Tax Cuts and Jobs Act) created unprecedented opportunities for individuals and families to transfer their legacies in a tax-efficient manner. These cuts […]

6 Lessons from Report on Foreign Trust Abuse

Howard Rosen, Esq. • April 9, 2013

A recent ICIJ report details the abuse of offshore trusts and accounts for tax evasion and money laundering. The report serves as a reminder that there are significant risks associated with improper planning and dealing with inexperienced planners. We have identified six lessons that the report provides on dealing with offshore trusts and accounts.

Legislative Update: Cook Islands – 2003

Howard Rosen, Esq. • August 20, 2003

In 2002 the Cook Islands were removed from the OECD blacklist (See, APN, XI, No. 2), and, on May 7, 2003, the Parliament of the Cook Islands passed a suite of Acts to update its money laundering prevention laws and procedures with the expectation of also being removed from the FATF blacklist.

Review of Offshore Jurisdictions: Jurisdiction 6 – Cayman Islands

Howard Rosen, Esq. • April 17, 2003

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.

The How’s and Why’s of Offshore Trusts in Asset Protection Planning

Howard Rosen, Esq. • May 17, 1996

This article will focus on just what the title indicates: how and why offshore trusts are used in asset protection planning. The article will review certain aspects of domestic law which limit the ability of a domestic trust to provide meaningful asset protection, and will compare those laws with the laws of certain offshore jurisdictions which address the same issues in a different way, with vastly different results. In addition, the article will highlight selected trust clauses which can enhance the protection afforded by careful selection of a situs jurisdiction.