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To start out with, you should put all your assets under the name of a bearer share foundation that you create in Panama. This is a pretty common practice that will keep your assets anonymous. Next, you need to have this corporation owned by a private foundation. This is also not that difficult to do in Panama, though it will cost extra money and that is why it is not recommended for everyone. Now you may think that you are not in a lot of trouble now. But if someone has your number, chances are they will bring the matter to the top sooner or later. This may mean that your wife will try to sue you for half, or more, of everything you own. If she has any clue that you own assets and can link you to them, you will have to turn them over even if they are stored in Panama. How crappy does that sound? You lose without ever having a chance. Now if you were smart 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 legal laws of Panama to freeze the account? There isn't even a maybe in this answer, the answer is a solid no. Your assets will be safe in Panama and you will be able to fight back. * You get sued for some reason or another. Lets not worry about the why or who is at fault for now. * 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 immediately. They do this before you even know you are being sued so you have no chance to prepare yourself at all. The judge will then allow them to freeze your account. This means you have to find someone you not only can trust, but also someone who will be willing to carry out your demands. Of course, the protector does have some restrictions on the amount of power he has as he is not actually the person the assets belong to or someone who signed for the creation of the foundation. He cannot simply take all your assets and run because the banks in Panama will not allow it.
Article Source: Main Articles
To learn more regarding a Panama Foundation go to Offshore Legal
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