If you are a high net worth person who is about to get married, you should consider transferring your assets to an Offshore Asset Protection Trust to protect your assets in the event of a divorce.
Fifty percent of all marriages end in divorce. If that happens, then your Ex will have a claim on your assets and if those assets are situated here, then the courts here have jurisdiction over those assets. If you transfer your assets to an Offshore Asset Protection Trust to a jurisdiction that does not recognize foreign judgements (say the Cook Islands, for example) then legally you can say you don’t own them. And even if a domestic court here makes an order against those assets, that judgement will not be recognized in the Cook Islands, and your Ex will have to relitigate the case from the beginning in the Cook Islands courts. This puts you in a much stronger position to negotiate a settlement that is favourable to you, on your terms, in the event of a divorce.
If you would like more information about setting up an Offshore Asset Protection Trust click here