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Doug Combostina's Articles in Personal Finance

  • Panama Foundation: Private Interest Foundation Benefits And Tips
    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.

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