Remember that you yourself can be the protector. That is all fine and well as long as you keep the documents naming you as such so private that no one else could find them, not even via chance. If they do look for them, the jig is up.
How crappy does that sound? You lose without ever having a chance. Now if you were clever and had dished out under two-thousand dollars, a paltry sum, to pay for a Panama private interest foundation, you would be safe. Now your assets would be under the name of a foundation in another country that has no public owner. Are these lawyers going to be able to prove these are your assets to the judge? And even if they do, can they overcome the proper laws of Panama to freeze the account? There isn't even a maybe in this answer, the answer is a strong no. Your funds will be safe in Panama and you will be have the ability to to fight back.
* The lawyers then have endless amounts of cash to waste in court while you have none. You will rapidly locate that settling, if an option, is the least expensive choice even if you are innocent.
* The lawyers on the other side go to the judge in private, without your knowledge, and tell him or her that they suspect you may run. They want to freeze your assets right now. They do this in preparation for your even know you are being sued so you have no chance to prepare yourself at all. The judge will then enable them to freeze your account.
So what is the best way to keep this from happening? Simple, cut off all ties with the foundation and your funds via appointing someone else to do it for you. This person could be named the protector, or beneficiary, of your account and will have his name on secret documents stating that he can use your assets in whatever way he sees fit. - 15224
How crappy does that sound? You lose without ever having a chance. Now if you were clever and had dished out under two-thousand dollars, a paltry sum, to pay for a Panama private interest foundation, you would be safe. Now your assets would be under the name of a foundation in another country that has no public owner. Are these lawyers going to be able to prove these are your assets to the judge? And even if they do, can they overcome the proper laws of Panama to freeze the account? There isn't even a maybe in this answer, the answer is a strong no. Your funds will be safe in Panama and you will be have the ability to to fight back.
* The lawyers then have endless amounts of cash to waste in court while you have none. You will rapidly locate that settling, if an option, is the least expensive choice even if you are innocent.
* The lawyers on the other side go to the judge in private, without your knowledge, and tell him or her that they suspect you may run. They want to freeze your assets right now. They do this in preparation for your even know you are being sued so you have no chance to prepare yourself at all. The judge will then enable them to freeze your account.
So what is the best way to keep this from happening? Simple, cut off all ties with the foundation and your funds via appointing someone else to do it for you. This person could be named the protector, or beneficiary, of your account and will have his name on secret documents stating that he can use your assets in whatever way he sees fit. - 15224
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Offshore Law is a leading provider of Offshore Bank Accounts and Foundations and Corporations
