Sadly this could happen to you:The doorbell rings and a courier arrives with a package for you to sign.
What could it be?A gift from someone?You sign and open the box to find you have been served.
The mailman tripped and hit his head which led to a stroke.
His family is now suing you for 18 million dollars.
Your home insurance policy only covers personal injury up to 7 million.
Your in big trouble.
What started out as a great day has now become the beginning of a nightmare.
Your assets including your home are at risk.
Sadly this could happen to you.
It happens thousands of times each day!Courts are filled with these types of cases every day.
I personally know the head of a large law firm that only handles these type of cases.
Its a big business.
Now here's the kicker:These lawyers work on commission.
The party filing the lawsuit pays nothing and the lawyers are like hungry dogs.
Nipping and knawing at you.
Dragging you into court for this and that.
All the time you have to pay a lawyer ungodly sums of money to just defend yourself.
The nightmare doesn't seem to end.
Then when they have you sweating they start the settlement proceedings.
All the time you are paying your lawyer.
If if you win, you loose!Do you risk losing everything or do you settle? I have one word for you...
Panama ! Why is Panama such a great location for asset protection? Think about this.
If a prosecutor wants to take you to court over assets you are holding, he first needs to prove that these assets exist.
To do this, he needs to get someone at the bank your money is in, if he knows which bank, to admit that you have an account there.
The problem is that unlike the United States, the bank personnel have no reason to give up this kind of information.
They themselves can go to jail for doing so! So now the attorney has to go to a court and request a court order to get this information.
They will only do this if it is to find evidence to prosecute a known criminal.
If not, they will waste the prosecutor's time and money and lead him to a dead end.
All attorneys know that getting information in Panama is an uphill battle that almost never ends up working.
So why go down there? They usually don't.
Next picture this scenario.
A business enemy wants you to pay a debt that you owe him and have been ordered to pay in court.
You don't have enough money to cover the debt but he believes you have some money hidden in an offshore account.
He decides that he has the legal right to go down to Panama and demand this money.
Well guess what? That legal right ends the second he leaves his home country.
Panama does not have to respond to foreign jurisdiction and they will not.
In addition, since you were smart and put all your money in a bearer share corporation that doesn't acknowledge you as the owner, you don't even have to pretend.
Your account has nothing in it, your corporation has all the money! Lets see him try to prove that you own the corporation when there is no public owner stated anywhere! Most of your financial enemies will give up almost immediately as they realize that they are not going to collect this money using legal documents from the United States.
Finally, it is important to know your rights.
You do not have to respond to any sort of civil suit or legal matter that is sent to you be the postal system.
This means that if you receive an order to do something by mail, it doesn't mean anything in Panama.
A government official must come down personally and take you with him or her which doesn't happen.
This means that any lawsuit served in the mail that deems you guilty does not hold ground in Panama.
And as always, your assets are protected from prying hands who would seek to take them away for you.
So why not bank in Panama?