South Dakota also has some of the top-rated Asset Protection statutes for LLCs and LPs based upon a powerful "sole remedy charging order statute". Consequently, most of the unique and creative trust strategies for the wealthy involve trust administration in South Dakota without the necessity of having the trust's family reside there. Offshore jurisdictions The trust laws of the offshore world are typically founded on the trust laws of the onshore world. For those jurisdictions which are currently possessions of the UK, or were former possessions of the UK, typically the British Trustee Act of 1925 is the common starting point. From there, each jurisdiction has sought to develop and evolve the law in a race to develop the most attractive trust environment which maintains acceptable standards, preserves the concepts of a trust, yet is attractive to potential users. Many of these jurisdictions share similar characteristics. Bahamas The Commonwealth of the Bahamas have traditionally been associated with offshore planning. However, the Bahamas are probably more noteworthy for offshore banking. The Bahamas do not recognize self-settled spendthrift trusts, unlike the Cook Islands, Nevis, or Belize. The burden of proof for a claimant to challenge a transfer into a Bahamian Trust has a limitation period of two years, the same as Cook Islands. The quality of the banking and investment services is reasonable for the uses of a Trustee of an asset protection trust, however, the quality of the judiciary is considered low, as the legal profession is generally closed to the entry of non-Bahamians, and it is therefore difficult bring the knowledge of a specialised trust lawyer to the jurisdiction when needed. Belize Belize, offers immediate protection from court action initiated by creditors which challenges the settlor's transfer of property into the trust. However, due to the paucity of credible offshore banks in Belize, many trusts established in Belize hold assets with a second trustee or third-party financial institution in another country. Bermuda Bermuda, entry to follow Cayman Islands Cayman Islands trusts are governed principally by the Cayman Islands Trusts Law (2009 Revision), however elements of the Fraudulent Dispositions Law 1989 are relevant when considering the asset protection benefits of Cayman Trusts. A number of offshore jurisdictions have enacted modern asset protection legislation based on the Cayman Island's Fraudulent Dispositions Law 1989 (the "FDL"). The Cayman Islands FDL states "Every disposition of property made with an intention to defraud, and at