Planning

Establishing a Cook Islands trust requires several steps, generally done with the assistance of an attorney specializing in offshore trusts. You can also seek the advice of financial advisors and wealth solutions firms such as Ora Partners Limited or J.P. Morgan Chase to establish offshore trusts properly. Here's a step-by-step guide: Choose a Trustee Company. Choosing a trustee company is the first step in the Cook Islands trust formation. The trustee you choose must be a licensed trust company in the Cook Islands. Background Check. An attorney will assist an individual in completing the trust application. The trust company will need to know the source of the wealth being used to fund the trust. Prepare Trust Agreement. An attorney will draft the trust agreement. This document outli...