Asset protection attorneys discuss Cook Islands planning updates with government officials and trust companies

On their recent trip to the Cook Islands, Patricia Donlevy-Rosen and Howard Rosen met with the chairman and the CEO of the Cook Islands Financial Services Development Authority to discuss the expansion of Cook Islands financial services in the U.S.

Also, Patricia & Howard met with senior officials of the largest Cook Islands bank, and the four major Cook Islands trust companies as part of their periodic on-site due diligence update.

In addition, Howard & Patricia met with the Chief Justice of the High Court of the Cook Islands to discuss various matters.

Their trip to the Island nation coincided with its 50th Anniversary Celebration, marking its separation from New Zealand and becoming a sovereign nation member of the British Commonwealth. Since gaining its independence, the Cook Islands has become recognized as the premier jurisdiction for offshore planning, bettering such rival jurisdictions as the Cayman Islands, Belize, and Panama. “The Cook Islands have enacted laws that are the most favorable for Americans seeking to legitimately protect assets, while also complying with all U.S. tax laws,” says Rosen. “They are the only truly tested jurisdiction – they threw the U.S. government out of court twice – and the financial institutions we work with are fully FATCA compliant.”

The two attorneys focus their practice entirely on offshore asset protection and wealth preservation planning, which, according to Rosen “almost always includes a Cook Islands trust, which is the core of any effective asset protection plan”. Howard and Patricia are the co-authors of the recently published book titled “Asset Protection: A Guide For Professionals.” Covering the techniques necessary to protect different asset classes as well as special planning structures such as entity trusts, group trusts, and enhanced IRA protection, Rosen and Donlevy-Rosen offer an indispensable guide that educates professionals on the steps required to properly implement an effective asset protection structure for their clients. With attention given to fraudulent transfers, state law exemption planning, and selected offshore trust jurisdictions, the book also covers sources of liability exposure, reporting requirements for the United States, and IRS scrutiny of abusive trust arrangements. “Asset Protection: A Guide for Professionals” is available for purchase on (Link:


About Donlevy-Rosen & Rosen, P.A.

Donlevy-Rosen & Rosen, P.A. is a law firm with a national practice focused on asset protection planning and offshore trusts.  Attorneys Howard Rosen and Patricia Donlevy-Rosen co-founded the firm in 1991.  On the web:


About Howard Rosen, Esq.

Rosen, an attorney and Certified Public Accountant, is the co-author of “Asset Protection: A Guide For Professionals,” and the founding author of the BNA Tax Management Portfolio “Asset Protection Planning” (1994, 2002).  Rosen was an adjunct professor at the University of Miami School of Law for twenty years.  Rosen is admitted to the Florida Bar. Full bio:


About Patricia Donlevy-Rosen, Esq.

Donlevy-Rosen is the co-author of “Asset Protection: A Guide For Professionals,” and the author of “Asset Protection Planning,” a Tax Advisors Planning Series book published by Research Institute of America.  Donlevy-Rosen is admitted to the Florida and New York State Bars. Full bio:

August 20, 2015