If you are the trustee of a family trust expected to last for half a century or more, some of us think it is error for you to remain in just one banking system and in just one currency. Elevators go up.
Elevators go down.
Especially long term. UPS was ordered to pay millions of dollars in back taxes and penalties. The Cook Islands is NOT a party to the United Nations Convention nor to any of the numerous other transnational conventions on enforcement and recognition of foreign judgments or foreign arbitral awards, nor to any of the treaties which provide for service, discovery and examination of witnesses. Rarotonga, the capital of the Cook Islands, which we prefer for face to face, non-USA, international mediations and arbitrations, is located due south of Hawaii. International air services are available via Honolulu, Auckland or Tahiti.