Panamanian Offshore Asset Protection Offshore Trust

Protect your assets from creditors, tax-collectors, litigious plaintiffs, contingent fee lawyers, ex-spouses and disgruntled business associates - and save on taxes and invest your money as you please with a Panamanian Offshore Asset Protection Offshore Trust for only US$999.

A trust is basically a very special type of contract recognized by law. It is a contract between an individual (the settlor) who transfers certain assets owned by him (the trust fund) to one or more persons (the trustees) with instructions, which are legally binding on the trustees, that the trustees should hold the trust fund upon prescribed terms (the beneficiaries). The document in which the settlor´s instructions are contained is called the "trust instrument", which governs all future dealings by the trustees of the trust fund. Trusts are either revocable, or are irrevocable.

The trust instrument is usually signed and sealed by both the settlor and the trustees. If the settlor does not wish to be named personally in the trust instrument, the trust can be formed by a "Declaration of Trust" which is signed and executed under seal by the Creator and the Trustees alone.

The choice of trustees is very important as the trustees are under a strict legal obligation to carry out the precise terms of the trust. Trustees can either be individuals or companies, or a combination of the two. The Trust fund can consist of a variety of assets including cash, company stocks and bonds, businesses, investments, property, homes, insurance policies or interests in other trusts.

The most common form of trust established in an offshore jurisdiction is the "DISCRETIONARY TRUST". This is a very flexible trust and gives a high level of confidentiality as usually there is no requirement to file the trust instrument with any government agency, so that privacy of the settlor, the trust´s activities and the identity of the beneficiaries is fully protected.

Typically, the trust is created in a country which imposes no tax of any kind on the settlor, the beneficiaries or in the income or capital tax gains earned by the trust. Further, most jurisdictions selected for forming offshore trusts do not have any requirement for the trustees to file trust accounts with the local tax authority, thus further preserving the confidentiality of the trust´s activities.

Depending upon the residence for tax purposes of the settlor and the beneficiaries, it is often possible to make distributions of capital or income from the trust completely free of tax.

Frequently, international businessmen employ offshore discretionary trusts to hold their various investments. In this matter, many reporting requirements are either eliminated or are vested in the trustees.

Specially designed trusts can effectively protect the settlor´s assets from attack by erstwhile creditors. Thereby preserving the settlor´s assets for the enjoyment of the settlor and his or her selected beneficiaries.

Discretionary trusts are often used by wealthy individuals to divest themselves of certain assets, by expatriates working abroad who wish to accumulate funds offshore prior to returning to a high tax country or by businessmen engaged in international trade and investments who require anonymity as to the ownership of offshore companies with certainty and security as to the passing of the trust fund to their chosen beneficiaries at the time selected by them.

About the Panamanian Offshore Asset Protection Trust

Death Of The Sucker Punch	Simple Simon	Rolling With The Punches
Bullet Proofing	Unshackled	Invisibility
Shark Repellent	Your Word	Mobility
What If?	From The Horse's Mouth	Q&A

The first question one is likely to ask, when faced with this tempting proposition is, "What's the catch? How can an offshore Asset Protection Trust cost just US$999? That's no more than the price of a good dinner."

Carlton Press and their merry men have been around long enough (since 1972) to know that be fore you give the nod to anything, you've got to turn it belly up and examine the intimate details. Naturally you have to do this with a basic knowledge of trusts and the environment in which they are sold.

The only reason you might think that the US$999 price tag for such an agreement is ridiculously low is if you are unaware that many professionals who provide trusts link costs to the opportunity of the moment, and not to the basic item which is in fact a simple agreement that, once activated, generates a sequence of events that are designed to give you certain levels of financial immunity from the many parties who would like to separate your ass from your assets.

In the widely publicised 1996 case of O.J. Simpson, although a losing defendant in a lawsuit, he still got to keep US$25,000 a month in spending money. Despite the fact that he lost all assets held in his own name, he was able to keep all income from money he had placed in trust years before the lawsuite were filed.

SIMPLE SIMON

Creating a trust is simplicity itself. A lawyer usually goes to a "form book" or these days, to a computer service. His secretary types in the name of his client and indicates the type of trust document desired. The resulting "hard copy" is printed out. This trust agreement form costs the lawyer little or nothing; maybe US$10. Which is indication enough that his charges are based, not on real costs, but on the wealth of the client and the assets involved. That is, he is doing what most lawyers do, charges his clients for whatever the traffic will bear.

During the period 1980 to 1995, thousands of wealthy people, on average, spent US$50,000 each on lawyer's fees to accomplish the same results that you can have by taking out a US$999 Panamanian Offshore Asset Protection Trust. Why is there such a vast price difference, or should we call it an apparent discrepancy? In most cases its a matter of perspective and where your head is.

On the other hand if you look for answers, soon enough you will find them. Which explains why people who are generally hands-off, and therefore easy targets, will pay US$10 for a certain brand of Aspirin, when the identical product, turnet out by the same manufacturer, can be purchased, possibly with a little effort and inconvenience, and the right contact, for US$1.

In the case of Panamanian Offshore Asset Protection Trust the effort and inconvenience are marginal, and your contact is Carlton Press who is an authorised facilitator of this "no bullshit" agreement.

ROLLING WITH THE PUNCHES

A trust involves at least one person and at least some property or assets. Let's say you have to deal with your irresponsible fourteen year old kid, who even has trouble managing his lunch money.

As a consequence you decide that since your fourteen year old is going to squander any money placed under his control, you will place a million dollar gift to the kid in trust. You open a bank account styled, "Papa In Trust For Irresponsible Kid." You then hand the kid a piece of paper that says you (Papa) will invest and manage the trust assets, collect the interest and gains, pay the kid's school fees, and also give him a weekly allowance for the next 21 years. When the kid reaches maturity at a certain age, say 35, Papa, the trustee, will turn everything in the trust over to him. Until he, the kid, reaches the specified age of maturity, he is powerless to touch the principal, which is why this kind of trust is often referred to as a spendthrift trust. For the next 21 years the money is also protected against any creditors who would like to deprive the kid of his rightful finances to be, which would also include Papa's creditor. A trust agreement in fact can make provisions for all kinds of evenrualities. For instance, if Papa dies before the kid reaches 35, a successor trustee (a lawyer, a bank, or the kid's Mom) is appointed to take Papa's place as trustee.

BULLET PROOFING

Due to the proliferation of lawsuite, government confiscations, and new laws enacted to "protect us" from ourselves, many if not all wealthy people, especially in the United States, have set up Asset Protection Trusts. By having title to assets like stock or real property held by foreign corporations or trustees, these assets can be hidden and protected from creditors. At the same time ownership benefits (like income) can still be enjoyed as before.

UNSHACKLED

American citizens are forbindden by law from investing their money in at least 99% of the opportunities of the world. Before most securities can be purchased by a US citizen, they must be "approved" by the Securities and Exchange Commission. Gaining such approval is an expensive bureaucratic procedure. It's much like winning an okay from the Food and Drug Administration for a life-saving new drug. Most companies never bother. As a result, most of the world's best performing mutual funds can't be leggaly sold in the USA or to US citizens.

The way out of this dilemma is a comparatively simple one, which entails establishing an offshore trust to hold these forbidden investments. From this point of advantage you can often do cosiderably better than you can with the very limited, legally approved deals for US citizens. Succinctly put, with a Panamanian Offshore Asset Protection Trust you have the right to choose.

INVISIBILITY

If you are in dispute with a Federal Regulatory Agency, it is very easy for a low grade bureaucrat to press a button on his PC. He enters your social security number, and is able to quickly identify your bank accounts, securities, and real estate. Another few buttons are pressed... just like that your property if "frozen," and your bank and brokerage accounts are transferred to the government. With your assets held abroad in a Panamanian Offshore Asset Protection Trust, it is not possible for a creditor to locate them with any precision. In fact, it is virtually impossible to confiscate trust assets. Why? The lawyers of bureaucrats and plaintiffs don't like difficult investigations and long, drawn out court procedures. Especially if lawsuits must be filed and pursued abroad. As a result, in most foreign jurisdictions (unless the local governments are collaborating), not even Big Brother can get at your assets.

While Americans cannot expect any protection in Canada or vice versa, co-operation in seizing the assets of Americans in most countries only comes into play when the issue is involved with serious crime, such as drug dealers, child porno rings, or bank robbers. Conversely, with a Panamanian Offshore Asset Protection Trust it becomes possible for you to personally access your funds, instantly, in cash, twenty-four hours a day, anywhere in the world.

It is also likely that if your Panamanian Offshore Asset Protection Trust assets are earning excellent returns, you won't simply pull funds out for consumer spending. It is more likely that when you need cash you will borrow against these offshore assets. In view of this probability a credit line can be arranged in advance.

SHARK REPELLENT

It is well known that ambulance-chasing lawyers are constantly sniffing out potential defendants by identifying high net worth individuals. By keeping some of your assets in a Panamanian Offshore Asset Protection Trust you can lower your visible level of wealth. This makes you a far less attractive victim.

Before a contingent fee lawyer will file suit, he always gets a full report on his target's assets. Since funds and properties held in a Panamanian Offshore Asset Protection Trust are invisible (or at least less discoverable) much litigation can be avoided or favourably settled.

The same reasoning, reducing your visible net worth, goes for repelling other blood sucking pests and predators who seek an unwarranted share of your wealth. The list includes burglars, kidnappers, extortionists, ex-spouses, tax-collectors, disgruntled business associates, crooked cops, insurance sales people, and bent bureaucrats seeking bribes.

The less well heeled you seem, the more of a repellent you become.

YOUR WORD

Particularly where your heirs are likely to squabble over their inheritance, it is likely that most of your estate could be eaten up in legal fees. Also, in some jurisdictions, the "forced heirship" law provides that you must leave all or a certain percentage of your property to a forgotten separated spouse, or to a child who detests you (and vice versa).

Assets in a Panamanian Offshore Asset Protection Trust can upon your demise be given to any person or be used for any purpose you designate. Once again you have the right to choose who gets the benefit of your estate. You don't have to let the State make those choices for you.

MOBILITY

Many countries have controls on foreign remittances that make it impossible to move money to where it is needed. Many Chinese-Americans were criminally charged years ago for simply sending subsistence money to aged parents on the mainland. Expat Cubans face similar risks today.

Wealth taxes and other taxes eat away at your savings and profits. A Panamanian Offshore Asset Protection Trust can help you save on taxes, and allow you to spend or invest your own money as you please. Certain "roll-up" investment funds convert taxable income into non-taxable, unrealised capital gains.

WHAT IF

What recourse do you have if a trustee doesn't do his job right? The most important asset of any money manager or trust administrator is his reputation. This is why it is important to deal with an established firm that has a good reputation, in depth management, client references, real offices, real employees, and good communications with customers. In taking out a Panamanian Offshore Asset Protection Trust you will have such a trust administrator working in your interests.

Besides all the usual court remedies (which take too long and are too expensive), your biggest element of control is that you can complain. Letters to the local regulatory bureaucrats will cause a legimate operator a great deal of trouble. You can also make your grievances public by writing to journalists and editors. Such complaints made in financial publications and on the Internet will cost a trustee dearly. Receiving bad publicity for not providing the services you bargained for, will cost much more than he could gain from mismanaging or stealing your account.

In the final analysis, dealings with a trustee, or any bank, is mainly dependent on trust. If you start modestly and build up assets, trust and confidence over the years with your trust manager, you should do very well.

FROM THE HORSE'S MOUTH

To give you more insight into the nuts and bolts of the Panamanian Offshore Asset Protection Trust Carlton Press provides answers to the most common questions relation to the operation of a Panamanian Offshore Asset Protection Trust.

Some Common Questions & Answers:

Question: What can I use an Asset Protection Offshore Trust for?
Answer: It is 1): an effective tool to settle or discourage litigation. 2): A means to keep the ownership of assets absolutely confidential. 3): An alternative to traditional pre-nuptial agreements. 4): A hedge against potential exchange controls. 5): A device to protect otherwise unprotectable pension assets. 6): A means to give an insolvent debtor a fresh start. 7): The preferred technique to avoid forced heir ship laws (common in Europe). 8): A way to internationalize investment and hedge against governmental instability.

Question: Do I have to give up control over my assets with a Panamanian Offshore Asset Protection Trust?
Answer: Look at it this way: Do you give up control when you let a pilot or good cab driver take you where you want to go in a strange country? Not really. The professional will probably get you to your destination faster and safer than you could do it your self. If you are unhappy you can change drivers (trustees) at any time. A Panamanian Offshore Asset Protection Trust which you can call "The Your Name Trust" is run by you. You call the shots. Only legal title is in the name of "Your Name Trust". There is a foreign person who is in nominal control (your pilot), but he does exactly what you want.

Question: Are the assets physically in the country where the trust is established?
Answer: Normally not. You can have a Panama trustee with a bank account in Switzerland or Singapore. You can have access to that bank account anywhere in the world with an ATM (automatic teller machine) card. Securities or mutual funds may have assets all over the world and be quoted in daily papers.

Question: If there are political problems (i.e. wars, revolutions) in the country of the trust, does this affect me?
Answer: Not at all! Insofar as investment banking and shop-registry functions, Panama has a hundred year history of stability as a leading offshore banking center. In spite of the USA invasion a few years ago, normal business functions continued and most local property damage was reimbursed by the Americans.

Question: Can I invest in any stocks, property or other assets that I choose?
Answer: Yes, but it is best for you to start with a small discretionary account owned by your Panamanian Offshore Asset Protection Trust.

Question: Is everything you do legal?
Answer: Our local supplier has a staff of lawyers who keep us in compliance with all laws of all the jurisdictions where they operate.

Question: What are my reporting requirements in my home country with regard to a Panamanian Offshore Asset Protection Trust?
Answer: Certain forms need to be filled out and filed. We provide you with these filled out forms. It is your sole responsibility to file them if you choose to do so. Our local supllier of the Panamanian Offshore Asset Protection Trust, unless requested by you to do so in writing, reports nothing about your Trust to anyone.

Delivery Time: 1-2 weeks.

Price: US$999.