One of the best asset protection strategies combines the Nevis LLC and a foreign trust such as one in the Cook Islands. Assets, such as offshore bank accounts, can be held by the Nevis LLC. All of the membership interest (ownership of the LLC) is given to the foreign trust.ffshore Trusts Provide Strong Asset Protection. An offshore asset protection trust is considered by many experts to be the strongest asset protection vehicle on the planet when established in the proper jurisdiction. Assets are conveyed to the offshore trusts.