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CHALK UP ANOTHER GREAT RESULT FOR ADVANCE PLANNING THROUGH A COOK ISLANDS ASSET PROTECTION TRUST

Many years ago, someone who has become and remains one of my favorite clients and a very dear friend created a Cook Islands Asset Protection Trust.  

Through the years the client as well as the trust have suffered their share of slings and arrows from a variety of claimants, ranging from the IRS to a variety of private party litigants.  In every lawsuit both the client and the trust came out remarkably (but not surprisingly) well.

The client emailed me last week about the settlement recently reached in what he truly believes to be the last lawsut, after many years of litigation.  

Here is the body of his email, which is one any asset protection lawyer would love to receive from a client (capital letters and all):

HI BARRY, I THOUGHT THIS MAY BE OF INTEREST TO YOU.

AS USUAL YOU WERE RIGHT AND [MY] LAWYERS DID NOT KNOW WHAT THEY WERE TALKING ABOUT REGARDING THE {USEFULNESS] OF THE TRUST.  THEY WERE FRIGHTENED BY THE [RECENT] SUPREME COURT RULING THAT HAD NOTHING TO DO WITH THE FACT THAT THE LENDER DID NOT WANT TO DEAL WITH HAVING TO TRY TO GET TO THE TRUST. 

THE AMOUNT [CLAIMED AS DUE AND OWING SETTLED FOR UNDER $100,000.00, SAVING OVER $1.2 MILLION].

THANK YOU AGAIN FOR ALL OF YOUR HELP. LETS TALK  

- Barry Engel

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Seminars & Events:

April, 2017 - CELESQ
“An Asset Protection Planning Primer for Estate Planning, Tax and Creditors Rights Lawyers”
Live Web Cast
May 31 – June 1, 2017 - 

SOUTHPAC TRUST OFFSHORE PLANNING INSTITUTE CONFERENCE 2017, “Asset Protection in a Changing World” (31 May 2017) and “Questions & Answer Panel on Industry Challenges to Asset Protection Structures” (1 June 2017)
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Barry S. Engel
Email: info@engelreiman.com