Because of the litigation explosion in the U.S. and
elsewhere,
professionals and small business owners are
forced to focus on ways
to protect their savings,
investments and other
accumulated assets that may be
attractive
targets for hungry
trial lawyers.
In the U.S. Legal
System, the deck is often stacked in
favor of
plaintiffs and against defendants. Because this
observation
encourages the filing of spurious lawsuits,
the average business
owner or professional may be sued several times
during his or her lifetime, thereby facing the possibility of
being on the receiving end of a ruinous judgment. Failure to
plan for such a situation can result in the instant loss
of a lifetime's accumulated wealth.
Once a lawsuit has been
filed, or one is anticipated, the U.S. legal system will
not allow assets to be moved.
Acting now while the
waters are calm is imperative.
Finding Your Assets
Lawyers for plaintiffs only prosecute cases they
believe will
pay off, not cases against judgment-proof
defendants.
How
does a lawyer find out if you have something of
value? Very easily. Many services are available that
can
provide a detailed account of personal and/or
business
bank
accounts, property ownership, investment holdings, income,
savings and many other facts relating to your
financial well being. The only hope of getting the
plaintiff's lawyer
to accept a token settlement is to convince the lawyer that the defendant's assets are truly beyond
the
lawyer's reach.
Corporate Ownership
How can you minimize the chances of losing assets?
By
becoming a smaller target. How can you become a
smaller target?
By shrinking the size of your estate so that you
are
no longer the legal owner of the assets to be
controlled and enjoyed. How can you shrink your
estate? By
getting as many assets out of your personal name as possible.
One of the best ways to do this is to transfer
money, investments and assets into a corporation, a
legal entity that you control.
Offshore Accounts
Offshore accounts!? Uh oh. . .
sounds like something for drug
dealers, dictators, money
launderers, crooks, and scum. But
wait. . . don't Bill Gates, Bill
Clinton, Intel, Citicorp, and
American Express have Offshore
accounts? The Federal
Government has consistently
characterized offshore accounts as
tools of the devil. They
have successfully frightened the
average American into believing that
if they move any of their money
outside the U.S. they are
unpatriotic, slippery,
cheaters, etc.
There is a double standard
in the U.S. When rich and famous
people or their corporations open
offshore accounts they call it
financial planning or
globalization. When everyday people
like you and me open up an offshore
account it's assumed we're doing
something wrong when in fact there
is nothing illegal about it.
Keep Liquid Assets From
Being Seized Without Notice
Increasingly, Americans have come to
realize that any liquid assets they
may have in the U.S. can be
seized without notice by the IRS,
Justice Department, Homeland
Security, or any other Federal
Agency. The Bill of Rights is dead
and gone. The Feds can and will
seize or freeze any asset or bank
account without notice, due process
of law, right to counsel, your day
in court, regardless of
your innocence or guilt, and they'll
do it with a smile knowing the more
money they seize the more likely
they are to get promoted.
How Does It Work?
We use encrypted software,
mobile memory sticks, and we back
up any information in countries
outside the U.S. There are no
paper statements, no debit cards,
and all of the accounts are in the
names of an IBC, just exactly the
way Microsoft does it. We
imitate in every detail
what multinational companies do when
they open an offshore account. Most
of our clients use a nominee - they are not officers,
directors, or shareholders of the
IBC. However as signatory or
beneficial owner of an offshore
account, you need to understand
there are heavy tax reporting
requirements.