English | Spanish


Cook Islands

Comparison of Offshore Trusts Jurisdictions

Wealth Protection: Specific Provisions Bahamas Belize Bermuda Cayman
Islands
Cooks
Islands
Gibraltar Jersey Turk &
Caicos
PROTECTION OF SETTLOR:
Settlor can be a Beneficiary yes yes yes   yes   yes  
Retention of control by Settlor   yes     yes      
Protection from subsequent bankruptcy         yes yes   yes
PROTECTION OF BENEFICIARY:
Spendthrift beneficiaries provisions   yes     yes   yes  
Avoidance of forced heirship yes yes   yes yes     yes
PROTECTION FROM FOREIGN JUDGEMENTS:
Specific non-recognition provisions         yes      
Is the Hague Convention applicable? no       no     no
PROTECTION FROM CREDITORS:
Exclusion of Statute of Elizabeth laws yes     yes yes yes    
Trust invalid if transfer fraudulent         no no    
Creditor must prove fraudulent transfer yes     yes yes     yes
Clear definition of fraudulent transfer         yes      
Separation of creditor claims yes     yes yes yes   yes
Statutory limitation on fraudulent transfer yes
(2 yrs)
  yes
(6 yrs)
yes
(6 yrs)
yes
(1 yr)
     
OTHER ISSUES:
Retroactive protection for immigrant trusts         yes      
Community property provisions         yes      
Specific exclusion of foreign law yes   yes yes yes      
Choice of law is binding yes yes   yes yes yes yes yes
Custodian trustee permitted         yes