2015 Amendments to the Nevis International Exempt Trust Ordinance

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. …

Court Rules Parents Liable for Facebook Posts

The Wall Street Journal recently reported on a ruling from a Georgia Appeals Court that threatens to open a Pandora’s box of personal liability for families throughout the United States.  In a nutshell, the appeals court found that parents of a minor may be found to be negligent in failing to supervise a child who defames someone over the internet.  The …

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 …

Why We Like Belize Trust Law: Superior Asset Protection

For generations, families have used foreign trusts to protect assets from creditors, relying on foreign law or the foreign legal climate, or a combination of both, to serve as a barrier between the creditor and family wealth.  The Isle of Man developed a cottage industry in asset protection trusts after its courts, in the 1859 decision of Corlett v. Radcliffe,  held that fraudulent transfer claims would …

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 …