Killer Rabbit Trust Law and Legal Definition
Killer rabbit trust is a domestic trust created with the idea that if a serious problem arises the trust will migrate to an offshore jurisdiction where its assets will be protected from creditors. The name is derived from the scene in Monty Python’s The Holy Grail where King Arthur’s men confront a harmless bunny rabbit, and then flee shouting “Run Away! Run Away!” when the bunny turns vicious.
Killer rabbit trusts are also known as Flight Trust or Fleeing Trust or Domestic/Offshore Trust (DOT).
