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Panama Foundation: Private Interest Foundation Benefits And Tips

Jan 11, 2008
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.

* The lawyers then have endless amounts of cash to waste in court while you have none. You will quickly find that settling, if an option, is the least expensive choice even if you are innocent.

* You get sued for some reason or another. Lets not worry about the why or who is at fault for now.

So what is he good for? Simply put, if your name is nowhere related to the assets owned by a private foundation and the protector is not you, how can anyone possibly link you to the aforementioned assets? It would be impossible to do. Now you can manipulate how your assets are sold or used without ever actually having to put your neck on the line. Again, this is not free and will cost you some money, but for those in extreme duress it is certainly worth the price.
About the Author
To learn more regarding a Panama Foundation go to Offshore Legal
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