Fallows: Offshore trusts in places like Cook Islands create more risk than protection
Tad Fallows · Why Half of Them Have No Mortgage and Still Win · Dec 30, 2025 · at 12:02
Wealth strategist Tad Fallows discusses asset protection structures and offshore trust jurisdictions with host Sean Weisbrot.
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“I think that's a pretty dangerous thing to do. The only reason that's relevant, if you are doing something really shady and any proper legal system would come after your assets and now you've parked them in the Cook Islands, but you know, one, that's probably not ethical to begin with. Second, you're then trusting the Cook Islands legal system to Protect your millions of dollars, and I think the risk that you did something really shady is probably smaller than that something shady happens in one of these shady countries, and now you don't have the recourse to a first world developed legal system to protect yourself”
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