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Why We Do Not Use Panama & the Other Offshore Tax Havens Anymore (June 2009)Important Banking News Alert – Bank Reference Letters
What Do You Want To Protect?Private Offshore Panama Bank AccountPanama Bank Secrecy LawsPanama Virtual Office for Panama Bank DepositsPanama Legal, S.A. Bank Comparison ChartImportant Banking News Alert – Bank Reference LettersOffshore Personal Bank Account in Panama, Belize or St. VincentReal Estate Asset ProtectionPanama Real Estate Purchaser Legal RepresentationBullet Proof Asset ProtectionDouble Bullet Proof Asset ProtectionJudgment ProofingMulti–Jurisdiction Banking AccountsAnonymous No-Name Debit ATM CardPanama Legal, S.A. Bank Comparison ChartOffshore Banking AnonymouslyOffshore Cash Deposits and TransactionsHow to Get a Non– Freezable Bank AccountAsset Protection Using Offshore Banks in Multiple JurisdictionsOne Compelling Argument to Move Assets Offshore – LawsuitsAsset Forfeiture & the New Tax TreatiesOffshore Personal Bank Account in Panama, Belize or St. VincentThe OECD and the Tax HavensAnonymous Visa Cards (New May 2009)Asset Protection – Gold, Silver, USD, Euro, Yen, Swiss FrancWhy We Do Not Use Panama & the Other Offshore Tax Havens Anymore (June 2009)Panama Facts – The ones they do not tell you about!Important Banking News Alert – Bank Reference LettersPrivate Offshore Panama Bank AccountPanama Law & Civil Judgment CollectionHow to Get a Non– Freezable Bank AccountPanama Virtual Office for Panama Bank DepositsPanama Legal, S.A. Bank Comparison ChartOffshore Personal Bank Account in Panama, Belize or St. VincentPanama Real Estate Purchaser Legal RepresentationPanama Bank Secrecy LawsPanama Law & Civil Judgment CollectionAsset Protection in the USAWhat Will You Do if the FDIC Fails?USA Ending Bearer Share CorporationsAllen Stanford Charged with 7 Billion Dollar FraudImportant Banking News Alert – Bank Reference Letters9/11 CoincidencesUSA Debt Now at $546,688 per HouseholdTennessee Strikes Again – New Gun LawWhen the People Fight BackObama Considering Preventive Detention for TerroristsAmazing 9/11 Videos Exposing Video EditingChina Increasing Gold ReservesRussia Drops US Dollar as Reserve CurrencyWhere Are the States Rights Laws Going?Real ID Act Rejected by 12 States AlreadyStates Rights Bills Now Calling for Gold & Silver MoneyOver 1,000,000 Guns Purchased in April 2009 in USATexas and Alaska Propose Bills to Opt Out of Federal Firearms LawsSecession Mania Spreads to Long Island, NYMoves to Disqualify Obama as PresidentWho In the Police State Gets Extra Legal Exemptions?Tennessee Proposes New Gun Law Similar to Montana New Gun LawProblems in the USA: May 2009Retail Stores Closing in USA – April 2009Montana Governor Signs New Gun LawWhat Will Happen in the USA as the Financial Crisis Worsens?USA Gun ControlTrigger Points for Civil UnrestStop Tax Haven Abuse Act Dead – 03/12/09USA People Living in Tents – AgainAre You Secure In AmericaS 506 – Stop Tax Haven Abuse Act 03/04/09Shocking Study – 1 in every 31 USA Adults in Prison SystemSwiss Start to Retaliate at the USA over UBSUBS Swiss Bank and the USAUS States Filing State Sovereignty LawsSwitzerland Stands Up to The USAUK Parliament Member Verbally Attacks UK Prime Minister Brown (Brutal)Swiss Bank Secrecy Compromised – The Facts 03/13/09Swiss Court Stops UBS From Handing Over Information on American ClientsEU Civil Unrest Starting!UBS Swiss Bank Closing Accounts of AmericansShould You Talk To Law Enforcement Officials?Translate this page into...
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Introduction to Offshore Trusts – A trust agreement is a written agreement between the client known as the Trustee and the law firm, known as the Trustor. The Trustor manages the assets according to the intents, wishes and highly specific instruction of the trustee. The Trustee would not be the signatory on any bank account or stock brokerage account; only the trustor name would appear in any bank records or stock brokerage records.
Distress Clause – Previous to 9/11 one could have an account at an offshore bank with a "Guillotine Clause". If there were any inquiries ever made regarding any such account(s) the bank had standing wire instructions to immediately wire out all the funds according to the standing wire instructions. The funds would then go to another offshore bank in another country. From there the person could move the funds again to make sure they were safe and sound from any legal entanglements, confiscation efforts etc. Such standing wiring instructions left with the bank were called a "Guillotine Clause" and became illegal for a bank to use after 9/11. Note a Guillotine Clause is illegal for the bank to implement, not the lawyer who is the Trustor. If the Trustor feels that you and/or your assets that he is entrusted with are in danger or at risk he may take steps to keep them safe according to instructions and methods that you previously agree to in writing as part of the Trust Agreement. Of course such clauses are always optional, but they do make sense to include them in the Trust Agreement.
Making the Trustor aware of the danger or distress can be accomplished in several ways. You and/or a list of trusted persons can contact the Trustor and so inform him of the risk with whatever documentation can be made available. One condition is the Trustor can be receiving inquiries regarding the assets. The bank and stockbroker may make the Trustor aware that they are receiving inquiries regarding the accounts or persons. The distress of the client that meets the specific guidelines for distress could also be in the public domain like the news. You could empower the Trustor to remove the assets from any control you might be able to exert of the assets until the distress is gone. The Trustor could also be directed to relocate the assets to another jurisdiction in the event of distress situation. You can define what is a distress situation. This could avoid being compelled by some court in a privacy invasive county ordering you to return your assets to the jurisdiction of the court so it can be confiscated by the court with or without due process. This process is often referred to as repatriation of assets. If you state you do not have any control over such assets and cannot do as requested it should be up to the other side to prove that you do have the control and of course this is not going to happen. If you asked us to send a response to the court in question very tactfully explaining that it is not possible for the Trustee (you) to respond to this request. This is plausible deniability. Judges anywhere are not very fond of playing collection agent and prefer to let the lawyers have a judgment and it is up to them to collect.
Guatemala – We set these trusts up in Guatemala with our affiliate law firm. We generally use an Asset Protection Corporation as part of the structure. Inquire for more details.
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