Demand for wealth protection, particularly from wealthy Americans, is rising |…
Demand for wealth protection, particularly from wealthy Americans, is rising | Herald NOW Business
NZ Herald ·
Demand for wealth protection, particularly from wealthy Americans, is rising | Herald NOW Business
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{"v":1,"chapters":[{"timeSeconds":0,"label":"Demand for Wealth Protection Rising","summary":"The video discusses the increasing demand for wealth protection, particularly from wealthy Americans. Southpac Group's CEO, Mike Arand, is interviewed about this trend."},{"timeSeconds":18,"label":"Mike Arand Joins the Discussion","summary":"Mike Arand, CEO of Southpac Group, joins the program to discuss the growing demand for asset protection services."},{"timeSeconds":34,"label":"US Demand Drives Offshore Trust Boom","summary":"Arand explains that while Southpac Group operates in New Zealand, most of their clients are in the US. He notes that the US is more litigious, with frequent lawsuits."},{"timeSeconds":102,"label":"How Cook Islands & Nevis Structures Work","summary":"Arand explains that setting up structures in places like the Cook Islands or Nevis allows assets to be held elsewhere, like a Swiss bank. This provides a layer of protection."},{"timeSeconds":143,"label":"Statute of Limitations for Protection","summary":"He elaborates that Cook Islands trusts have a two-year statute of limitations, while Nevis trusts have a one-year statute. This limits how quickly creditors can access assets."},{"timeSeconds":223,"label":"Asset Protection vs. Tax Evasion","summary":"Arand clarifies that these structures are for asset protection, not tax evasion. They ensure that assets are not easily seized in lawsuits, and clients still comply with tax laws."},{"timeSeconds":401,"label":"US Clients Make Up 85% of Base","summary":"Arand reveals that US clients now constitute approximately 85% of Southpac's client base. This is driven by geopolitical instability and increased awareness of asset protection strategies."},{"timeSeconds":416,"label":"Why US Doctors Seek Asset Protection","summary":"Arand explains that the high level of litigation in the US, combined with global economic uncertainty, leads professionals like doctors to seek asset protection measures."}]}
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