In 1996, the Nevis Island Assembly enacted the Nevis International Exempt Trust Ordinance, Cap. 7.03 (“NIETO”), to bring certainty and clarity to international trust planning. A number of provisions in the NIETO catered to the needs of lawyers and their clients engaged in asset protection planning, including: Preclusion of the Statute of Elizabeth principles governing the determination of a fraudulent …
Lighthouse Opens New Trust Office in Nevis
We are pleased to announce that Lighthouse Trust has opened a Nevis office to provide trust and company formation services. This represents the fourth country in which Lighthouse maintains offices and personnel and the second country that offers explicit asset protection legislation for entities established within the jurisdiction. Nevis is a popular choice among lawyers practicing in offshore trust and company planning. …
Asset Protection for Real Estate and Commercial Interests
Asset protection for cash and marketable securities is easy enough: You can set up a foreign asset protection trust or LLC with a bank account to hold your liquid assets. While this approach works for those things that can be conveniently transferred by bank wire or a secure message between brokerage firms, what can be done to protect the things …
LSWA Named as Member to Swiss Registered Investment Advisors Association
We are pleased to announce that Lighthouse Swiss Wealth Advisors AG has become a member of the Swiss Registered Investment Advisors Association. The SRIAA serves as a platform whereby members can obtain information and guidance on matters relevant to serving as U.S. SEC-registered investment advisors. U.S. clients can also obtain information on Swiss-based SEC-registered investment advisors from the SRIAA. For …
Domestic Asset Protection Trusts Continue to Falter
Last year, we warned practitioners about the passage of Ohio’s domestic asset protection trust law, which purports to protect assets held in the name of a trustee based in Ohio. Mississippi has recently joined the bandwagon, selling DAPTs as if the courts of the State of Mississippi will go to the ends of the earth to defend a New York …
Lighthouse Completes FATCA Compliance Review for Offshore Trusts and LLCs
Lighthouse Swiss Trust is pleased to announce that it has completed its FATCA compliance review in collaboration with a leading European-based U.S. tax compliance firm and U.S. tax counsel. This effort helps ensure that Lighthouse-administered entities remain FATCA compliant at inception and throughout their lifespan. As an added benefit, Lighthouse has achieved this additional measure of compliance without increasing service …
The 2014 Lighthouse Swiss Conference: September 18-19
September 18-19, 2014 Zürich, Switzerland & Vaduz, Liechtenstein We are pleased to announce the 2014 Lighthouse Swiss Conference to take place in the cities of Zürich, Switzerland, on September 18 and Vaduz, Liechtenstein on September 19. This year’s conference permits our clients and their advisors the distinct opportunity to meet with Lighthouse staff and visit our banking partners in a …
Hanspeter Zwyssig Joins Board of Directors
The Lighthouse Group of companies is pleased to announce that Hanspeter Zwyssig has been named to the Board of Directors of Lighthouse Swiss Trust & Wealth Management GmbH. Mr. Zwyssig is an experienced derivatives trader and portfolio investment manager who began his career with Bank Julius Bär. After a span of a decade with Bank Julius Bär, he served as …
The Early Demise of the Domestic Asset Protection Trust
We warned that this would happen… Foreign asset protection trusts have enjoyed profound success over the past three decades of their existence (dating back to the codification of the first ever asset protection trust law in the Cook Islands). With time, we anticipated that one or more states in the USA might take a shot at enacting its own asset …
The 2013 Lighthouse Swiss Conference
September 19-20, 2013 Zürich & Zug, Switzerland We are pleased to announce the 2013 Lighthouse Swiss Conference to take place in the cities of Zürich and Zug, Switzerland, on September 19 and 20, 2013. This year’s conference permits our clients and their advisors the distinct opportunity to meet with Lighthouse staff and visit our banking partners in a distinctly Swiss …