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Multiple Jurisdiction Offshore Bank Accounts

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Ecuador Trust Account Banking

International Trust Agreement Banking – This is a method where the person trusts a third party to have control over their funds entirely. The bank does not know you, they only know the person you have chosen to trust to control your bank account. To protect the third party some written agreements are entered into and a copy of the passport of the client is obtained. If the money proves to be tainted in some way, the third party uses the forms they have you sign to show they were just managing the funds for you. They would have ID on you and turn that over to any inquiring authorities to get themselves off the hook. If they run away with your money the bank will not care after all it is their bank account. Using an anonymous corporation for this changes nothing. You still have the liability plus the risk of having your money stolen. If the person you are trusting has 30 clients and one of them gets into trouble, every account this person signs on is likely to be frozen in an investigation. Often these people accept money from anyone. This is a very defective way of accomplishing asset protection. There are much better solutions. Inquire.

About Ecuador – Ecuador is a country found between Peru and Columbia. They operate as a democracy and they use the USD as their national currency same as Panama and El Salvador. This means you can bank in USD with no currency conversion cost. It also means when the dollar keeps falling you are going to get hurt and the nation of Ecuador could also get hurt. This could affect the banks there as well. A lot will depend on how far the dollar drops and how fast. The consensus amongst the experts regarding the USD is dismal at best.

Ecuador Banks – The banks in Ecuador speak Spanish. This is a problem right away for most clients. Once again we think there are better asset protection strategies available.

For more information on other asset protection strategies and solutions read this:

Read This First – Why Go Offshore

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*Offshore Legal Associates Law Firm.We have no legal ties or associations with any other law firm or corporation with similar or like sounding names anywhere and should not be so confused with any other entity having a similar or like sounding name.