Complete Asset Protection

Panama allows for the use of an anonymous bearer share corporation to own real estate, boats or planes. The person who has the physical possession of the stock certificates of the corporation is the one who controls the disposition of the asset be it real estate, a plane or a boat. There is no registry to look up who owns the bearer share company. Ownership is anonymous. There is also no requirement to report sales or transfers of the bearer share stock, so no one knows who the new owners are, possibly not even the old owner if the sale was to another bearer share corporation or Panama Foundation which is also anonymous.

Let us take a hypothetical example:

An investor from outside of Panama wishes to acquire some real estate as an investment and wishes to derive rental income from it all done anonymously to secure the investment away from the reaches of potential financial enemies. A trip to Panama is made to inspect various properties for investment. After a property is isolated an offer needs to be made. So an anonymous corporation is formed to make the offer. Remember no one knows who owns this anonymous corporation. The owner never appears in any registry. This is not to say that a court order is needed, it is to say that there are no records to get a court order for. So now the attorney representing the client submits an offer on the property in the name of the anonymous corporation. This is a common practice in Panama. Now the offer is accepted. So the client wires the funds to the lawyer representing him/her, the lawyer puts the funds into the escrow and the purchase is made with title going to the anonymous corporation. When the property is sold the stock certificates from the corporation are transferred to the new owner thus avoiding tax of 10% on the profit realized from the real estate transaction. The lawyer can obtain the services of a real estate broker to rent the property and sign a lease on behalf of your corporation. The lawyer can collect the rental income in their bank account and forward it to you or do with the funds as you so direct. This is a relatively solid asset protection scenario. To add another layer to the structure (normally not needed because no one knows who owns the corporation) one has a foundation own the corporation that owns the real estate. The personal debts do not transfer to the foundation if the debt was not in place at the time the foundation received the assets in question from the person. So if you legally owe people money today and transfer money, real estate etc to a foundation next week the debt could follow the asset. If you tried to collect this in Panama and the debt was from another country the expense, time delay, chances of success collecting on a civil judgment concerning matters outside of Panama, etc would probably not warrant the collection action but the exposure would still be there but only for three years from the date of the transfer since Panama has a statue of limitations on these transfers to defraud creditors. If the court case took longer than three years which it probably would that could possibly be the end of it as well. So if the lawful collectible debt was not in place at the time of the transfer to the foundation the asset would be immune from court ordered collection. If it is starting to sound like it couldn’t be better even if you wrote the laws, you are getting the idea.

The same scenario can essentially be used to acquire boats, planes, art, jewelry and other collectibles.

http://www.panamalaw.org/real_estate_asset_protection.html

http://www.panamalaw.org/anonymous_real_estate.html

http://www.panamalaw.org/panama_mortgage_investor.html

For more information, please visit:

http://www.panamalaw.org

email at: panamalegal@hush.com

Ronald Edwards
http://www.articlesbase.com/business-articles/anonymous-holding-of-real-estate-boats-and-planes-82140.html

Estate planning is the process of accumulating and disposing of wealth before death of individual or a group of owner known as estate owner including married couple. It aims is to maximize the wealth of the estate owner. The most important goal of estate planning is to make sure that the greatest amount of the estate passes to the estate owner’s intended beneficiaries while paying the least amount of taxes. Choosing an executor is importance to ensure that someone who you trust will help to perform duty of estate settlement upon your death.

I. Definition
Estate settlement is also known as estate administration. It is the form of handling the decreased person assets by an appointed executor or executors. If the deceased did not leave any testamentary dispositions then the dispositions can be proceeded.
II. How it works
Estate settlement includes the following
a) Testamentary dispositions and will probated
Written, holographic will will have to apply to the court for probate before assets can be gathered by the executor and only most recent will has legal value. If the deceased did not leave any testamentary dispositions then the dispositions can be proceed. Any testamentary trust in a will must be closely examined and resolved.
b) Notifying public
The purpose of this notice is to inform the heirs, creditors and debtors to the estate of the existence and identity of the liquidator.
c) Inform the federal and estate or provincial governments of the person’s death.
It is necessary if the decreased person is receiving pension incomes from the federal and estate or provincial government
d) Identifying the beneficiaries
c) Gather all decreased person documents
All documents are gathered including life insurance policy, birth certificate, decree of divorce and other related to decreased person documents. Only the death certificate and the copy of the act of death are legally recognized.
e) Create an estate account
So all assets can be deposited into that account
f) Gather all deceased person assets
All assets including stocks, bond , property, etc. will be calculated if necessary using arm’s length to determine the asset values.
g) Notifying public after all assets of decreased person are gathered
Identifying all debtors, such as credit card debts, personal loans, etc
h) File income tax for decreased person
File income tax, any taxes owed by the decrease should be paid
i) Pay off all debts
j) Other settlement if need
Such as family patrimony and the matrimonial or civil union regime are there for married spouses or spouses in a civil union.
k) Pay out remaining decreased person assets to beneficiaries.

I hope this information will help. If you need more information of insurance or series of articles of the above subject at my home page at:
http://medicaladvisorjournals.blogspot.com
http://lifeanddisabitityinsuranceunderwriter.blogspot.com/

Kyle J. Norton
http://www.articlesbase.com/finance-articles/estate-planning-part-08-what-is-estate-settlement-722074.html

Secured loans are easily available in the UK loan market. Secured loans are offered against collateral security, which may be any valuable asset, such as a home or a car. As a result, a lender runs minimum risk when he/she offers a secured loan to the borrower. The lender has the legal right to carry out forced sale of the asset put forth as the collateral (foreclosure) in case the borrower fails to repay the entire loan amount within the agreed time.

However, the borrower should not feel that a secured loan is devised only for protecting the lender’s interests. The borrower also enjoys a number of privileges by going for a secured loan. The presence of collateral is beneficial for both the borrower as well as the lender. Collateralisation of the loan reduces the risk perceived by the lender. The security provides psychological comfort to the lender as he/she knows that there is a valuable asset to fall back upon in case the borrower is unable to repay the loan due to some circumstances. So, the borrower can avail a considerably low interest rate, extended repayment period and lenient terms and conditions.

The collateral put forth by a borrower plays a crucial role in the credit structuring and analysis of a secured loan. The worth of the collateral has a significant bearing on the loan amount sanctioned. Greater the collateral value, larger the sum of money a person can borrow. While selecting the collateral, make sure that the value of the item is more than the loan amount you plan to apply for.

Secured Personal Loans enable the borrowers to enjoy the benefits of a secured loan and a personal loan in a single product. A secured personal loan allows you to borrow a large sum of money and use the money for fulfiling diverse need and desires.

A word of caution for the potential borrowers of Secured Personal Loans is that they must make sure not to default on the monthly repayments. This is because their valuable assets are at stake and defaulting on the repayments may lead to repossession of their assets (such as home or car) by the lender.

Joanne Clive
http://www.articlesbase.com/loans-articles/enjoy-the-benefits-of-a-secured-loan-and-a-personal-loan-with-secured-personal-loans-104720.html

Are you one of these people that believe fervently that by keeping your body in shape will eventually lead to a much longer, healthier and happier life-span?

Well, it certainly helps, and those that treat their bodies like a temple certainly do enjoy a much more illness-free existence, and relative freedom from stress.

But there is one other area that many people ignore – at their peril – and that is the stress of keeping up with ‘The System’.

The System?

Yes – The System …

Most people are dragged into ‘The System’ from a very early age, and only a very few people ever manage to escape it – less than 1% in fact – and you can always tell those who have bucked this system, and done their own thing.

The System we are talking about here is a spin-off from the Industrial Revolution where the workers were paid just enough to meet their basic needs but not enough so that any of them could actually leave and do their own thing.

This has been translated into modern day society in that we are all taught from an early age that we should go to school, get a good education, get a good job, and work all your life until it comes to retirement. At least in the early days of the Industrial Revolution, many employers provided special houses for the long serving employees, so there was a good reason to be faithful and dutiful towards their bosses.

Perhaps until 50 or 60 years ago, a similar situation was in place with all sorts of State run pension schemes and the like – but not any more. State pensions, and even a lot of private pensions, are just not going to be able to provide anything like the simple needs of everybody, especially as the ‘Baby Boomers’ (kids born in the 40’s to 60’s) start reaching retirement age.

But look what is happening on the retirement front – are governments trying to make the situation better or worse? Well, they are running scared, as they are also fully aware the effect the massive expansion in retirement needs of the Baby Boomers are going to have on the economy, and are possibly looking at billions more needed in pension payouts. With more and more people looking for a wealthier life style, this is going to cause a lot of political issues.

In many countries in the world, there is much talk about governments increasing the age to qualify for your pension, and many are opting for the time you reach 70, rather than the old established retirement age of 65.

Now, you may think that’s fine – if you fancy working ’til you are old and shrivelled, with no hope of an active retirement, then that’s your choice. Me – I fancy having an eye still for the opposite sex in my ‘retirement’ years.

But – here’s another not so well-known fact – recently, a major insurance company just did some research on the effect of retirement age with regard to your active life span.

Did you know that:-

If you retire at 65, the average life expectancy is 71.

If you retire at 60, the average life expectancy is 76.

If you retire at 55, the average life expectancy is 81.

How clever – if your government increases the retirement age to 70, then by following ‘The System’ you will all probably be dead before you start to draw any money from the State, leaving all that tax money in the government’s very grateful coffers…

So, the sooner you retire, the longer your anticipated wealthier life span, not to mention a longer lifespan filled with abundance and plenty, a healthier lifestyle, and one filled with financial independence…

Now, how on earth does a normal person buck The System, creates their own wealthier life and become financially free of this system, that controls and rules most people’s lives?

Simple. They have ‘The Knowledge’.

They are taught by enlightened friends, mentors, or life coaches, that the way to succeed in this life is not to work for money, but make money work for you!

Let’s face it; you only have 24 hours in a day, seven days a week. Once those have been ’sold’ to your employer, there is nothing else available to you.

You need to know how to make money work for you…

Look at anybody with expensive ‘Toys’ – fast boats, the best cars, beautiful properties, and seemingly endless time on their hands…

If you want to be like them, and enjoy your own wealthier life, then you have to have ‘The Knowledge’. You have to know what they knew, to escape the system.

To get your financial independence, you need access to on line education, you need to understand how to manipulate stocks and shares, and how to get the best returns out of property investment, all topics that The System does not tell you anything about.

Why should it?

The System needs people like you to keep an orderly society going – after all, if we all knew ‘The Secret’ (care of Bob Proctor) then who would be around to wash our cars, clean our pools, do all the tasks in exchange for time that we don’t want to do…

Now, one of the best ways of getting this knowledge, used to be by attend training courses, seminars, or spend a fortune on self-improvement courses. But this takes an inordinate amount of time and money, and is very demanding on time and travel arrangements.

According to Peter Drucker in Forbes Magazine last year ( just before his death after a very distinguished career in information management that stretched back to the 1920’s) there is a much better way of getting this knowledge, that of on line learning, known as Webucation.

Webucation is earmarked to become the next massive trend on the internet, as more and more people demand this wealthier life style.

Where else are you going to get access to masses of training and learning courses from experts in property, stocks and shares, and other self-improvement courses, that you can call upon in the comfort of your own home, at time to suit you to help create your wealthier life style?

There are an increasing number of ‘Webucation’ style sites appearing on the internet today, and they really represent the way forward as a means of getting ‘The Knowledge’ to produce your own wealthier life style and escaping from ‘The System.’

Rather than spending a fortune on multitudes of courses and sometimes travelling half way round the world to attend; for a small monthly fee, you can have them all, in the comfort of your own home at a time to suit your needs. Many of them not only teach you ‘The Knowledge’ but the better ones also have the ability to build your own business by getting you to ’spread the word’ to friends and colleagues, generating a very substantial extra income stream. Rather than committing to hours and hours of concentred learning, just 15 minutes a day on a regular basis will usually do the trick for you and really create this magical wealthier life style.

See how ‘They’ made it to where they are in property, stocks and shares, and when you have created your wealthier life , make sure you know how to protect your assets.

Learn from many celebrity millionaires who have learnt to Buck the System, and are now living lives full of abundance and freedom…

If you are interested in this style of ‘Earn and Learn’ process, when you choose which company to work with, make sure they have a powerful way of helping you build up your own network of users, and also make sure the commission structure and pay plan is as simple and as uncomplicated but as rewarding as possible.

But above all, you owe it to yourself if you want this wealthier life to make the decision NOW to make sure you do not spend the rest of your life trapped in The System.

After all, why not retire early, live a longer wealthier life, and make sure you have created sufficient income streams to support a life of abundance.

The alternative really is unthinkable…

Geoff Morris
http://www.articlesbase.com/finance-articles/who-else-wants-to-buck-the-system-and-live-a-longer-happier-and-wealthier-life-140562.html

Dual output interface – USB2.0 and eSATA (external Serial ATA) allows you to transfer data up to 480Mbps or 3Gbps respectively Support up to 750G SATA hard disk drive Unique HDD cooler brings fresh air in and around the HDD for maximum cooling to protect your valuable asset Two layer (plastic with aluminum) structure upper and lower covers to absorb HDD and fan noise Carbon-glass filled frame to r

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