by empirical360 | Jul 2, 2015 | Resrouces
ASSET PROTECTION ISSUE: What happens when the assets of an ‘offshore’ trust are not actually offshore and subjected to the jurisdiction of a U.S. Court? CASE SUMMARY: In February of 1994, Robert Sessions (Sessions) set up an irrevocable Cook Islands Trust. It was...
by empirical360 | Jul 2, 2015 | Resrouces
ASSET PROTECTION ISSUE: Will an Offshore Asset Protection Trust hold up against an IRS attack? CASE SUMMARY: The facts are that Mr. Grant established two separate trusts, one for himself and another for his wife, Arline, in two separate offshore asset protection...
by empirical360 | Jul 2, 2015 | Resrouces
ASSET PROTECTION ISSUE: How effective is tirelessly and shamelessly defending an obviously losing battle over the assets of an Offshore Trust? CASE SUMMARY: In 1991, Mr. Bilzerian was found guilt of securities fraud in connection with a “Greenmail” scheme. In 1993...
by empirical360 | Jul 2, 2015 | Resrouces
ASSET PROTECTION ISSUE: Does simply creating an Asset Protection plan (and stating such) expose the Settlor to a fraudulent conveyance claim in California? CASE SUMMARY: In 2000 Stillman, who was a soil engineer rendered services through a pool company to Kilker in...
by empirical360 | Jul 2, 2015 | Resrouces
ASSET PROTECTION ISSUE: What happens if the Planning works, but the facts are very bad? CASE SUMMARY: Mrs. Solow, set up an offshore asset protection trust in 2010 shortly after receiving notification that her husband, Mr. Solow received notice of a significant...
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