Reuben Tylor takes the stage at STEP Asia 2022 Conference in Singapore. SUPPLIED/22112812
The new Cook Islands International Relationship Property Trust (IRPT) recently featured at the prestigious STEP ASIA 2022 Conference in Singapore.
Society of Trust and Estate Practitioners (STEP) is a global professional body,
comprising lawyers, accountants, trustees and other practitioners that help
families plan for their futures. STEP has more than 21,000 members in 96
conference attracts legal, trust, tax and finance professionals from around the
world. This year’s conference was attended by over 400 delegates from 25
countries, including the UK, USA, Singapore, New Zealand and the Cook Islands.
highlight of the event was the panel presentation on “Divorce and trustees –
planning ahead is key” where Reuben Tylor, director of local trust company
Trustees & Fiduciaries Cook Islands, introduced the International
Relationship Property Trust (IRPT) on behalf of the Cook Islands financial services
IRPT is a new, innovative trust product designed to provide couples in a relationship
with more certainty as to how their property is managed in the event they
and local lawyer Tony Manarangi were responsible for drafting the International
Relationship Property Trusts Act 2021, and it is the first legislation of its
kind in the world.
STEP Asia 2022 was co-sponsored by Cook Islands Finance, who are responsible
for the promotion and development of the Cook Islands financial services
industry and were present at the event.
a statement Cook Islands Finance interim chief executive Alan Taylor said: “Cook
Islands Finance has been a sponsor of the STEP Asia Conference for a number of
years and was again a proud sponsor of this year’s event.”
profile obtained and professional relationships developed from attending and
sponsoring the STEP Asia Conference is of great value to the Cook Islands
financial industry and in particular its trust sector. The networking
opportunities are enormous.”
to the statement, Reuben’s presentation and Cook Islands Finance’s exhibition
table, where the focus was the IRPT, generated much interest in this new
planning tool and is the beginning of a comprehensive marketing plan over the
next six to 2 months to increase awareness of the IRPT and convert that
interest into business for the Cook Islands financial services industry.