cook island trust formation cost ? Do this setup still works in 2023 ?

[troubled soul]

For asset protection cook island seems best place for Trust formation...Trust formation cost more than 15k....Does this trust formation worth in 2023 ?
Or Just waste of money and time...What are your thought about cook island trust in 2023 ?
What are pro and cons for Cook island trust formation ?

Thanks

 

[CyprusLawyer101]

Cook Islands trust is a trust which offers protection not on the basis of its concrete structuring which would be based on established in court trust principles but based on the islands rules which makes it difficult to be penetrated by foreign rullings or other local attempts. It appears to still be effective.