Asset Protection PTsecrets Big Brother Doesn't Want You To Know About!

PROTECT YOUR ASS AND ASSETS NOW. It will be too late after something goes wrong!


It will be too late after something goes wrong!


"Get your money out of the country,

before your country gets the money out of you"

It's legal. It's easy. It's Invisible. It's Offshore!

Facts and Figures are Constantly Changing.
By the time you read this, things might have changed.


Plaintiff Lawyers, courts, and juries look for defendants – to award million-dollar verdicts in silly cases: A burglar who hurt himself falling downstairs while robbing the defendant’s house won lifetime support when he became a paraplegic.

Government agencies can confiscate everything you own on the strength of an erroneous or unfounded suspicious activity report. Due process? Forget it. They can also throw you into a foreign prison for “interrogation,” Nazi-style.

Property rights have been eroded to the point where the State decides what you can keep – and if you may remain free.

Selective Prosecution means that the most highly paid, successful people with visible assets run a much higher risk of criminal indictment.

Finally, consider inflation. Your purchasing power is cut in half every five or six years. You might be fooled because you have MORE dollars in your bank account … but your money, be it dollars, pound sterling, or Euros, will be worth a lot less with every passing day!

So do you need asset protection options? Yes!

We will show you why. And how. In this report, we explain why most domestic asset protection schemes are ineffective. By domestic, we mean keeping assets in your home country, where claimants – government or private – can easily seize and freeze them. Are there any exceptions? A few: If you can keep some precious, small objects accessible yet safe and well-hidden near where you live, that is an option for, say, a stash of gold or silver coins that might be needed for an emergency escape.

But here we shall give you some insights into other options – things you have probably not considered.

We start with a completely legal but little-known strategy you never considered because you didn’t know it existed…

Here is a way of handling your savings and assets so that you, the future ANONYMOUS INVESTOR, can be insulated and protected to the point where you'll never be sued or waste a moment defending yourself in court.



Yes, you read that correctly.

We will show you how to move your assets to safety at a very low cost, at the same time cutting out all those lawyers, accountants, and tax preparers eager to take a slice of your assets. More importantly, you will make new contacts plus earn much more money on your investments than you ever dreamed possible. You'll learn what it means to be a "P.T." or Sovereign Individual.

Your private papers and personal records will be invisible and undiscoverable.

They will be hidden encrypted in cyberspace, so you will have convenient access to them from anywhere you happen to be, but nobody else will even know they exist, let alone be able to access or seize them.

Your assets are likewise made invisible and undiscoverable. You stay liquid without complicated trust arrangements, and you can cash out any time.

Estate Planning? Forget it! Using the standard techniques of local lawyers, tax planners and soon, far too much of your assets will find their way into the pockets of lawyers, “licensed professionals,” court-appointed appraisers, administrators, and state and federal tax collectors. Our strategy shows you how (without any lawyers) to completely avoid probate costs.

At a stroke and at no cost, you'll learn how to eliminate the possibility of family squabbles over your assets after you've gone. You'll find out how wealthy people preserve and pass on 100% of their estates to their loved ones and good causes they really want to have it – not the State. And how they do it PRIVATELY!

What about Personal Income Taxes? They, too, can be legally eliminated... legally and completely. If you could double your income and eliminate taxes, would you be willing to move abroad -perhaps to a tropical paradise?

Would you like to learn how to run your existing businesses through an offshore corporation that also insulates you from personal liability?

Consider the Risk of Criminal Prosecution! One in every seven Americans now destined to serve jail time often for newly defined “victimless crimes,” You don’t just have to protect your assets. Your ass is on the line too! We feel you need to plan for a personal escape or “bolthole” long before you are sued or become enmeshed in the legal process.

You can ensure your personal freedom and safety from criminals, lawyers, and Big Brother. Your money can be invested with 100% security, completely avoiding scams and rip-offs.

Yes, we promise a lot... but this strategy has been employed over the years by the world’s elite super-rich families and free-thinking individuals of more modest circumstances...





Many years ago, I became embroiled in a minor dispute with a government agency. They were wrong. I was right. No question about it. They thought I owed them a few thousand dollars in taxes. I knew they owed me considerably more in rebates and refunds.

We figured the case might be heard some years down the line. Maybe in some administrative supervisor’s office. Maybe in court. But more likely, the odds were that my high-priced Certified Public Accountants would settle the claim. Probably in my favor. That's what I paid them for, after all.

It was no worry for me at the start. I felt that if the accountants couldn't work out something, it would go to my lawyers. “My team” would insulate me. I was well insured and well protected against every contingency. So I thought!

Similar differences of opinion had been resolved by negotiation and compromise a hundred times before. In those days, I had a sizable business to run: hoards of employees, rents to pay, and a big payroll to meet. There were so many urgent projects to complete. I was busy!

Couldn't be bothered to give a lot of personal attention to a piddling small tax claim amounting to less than a day's rent for my firm. So maybe I refused to take a call. I had staff refer some squeaky-voiced government guy to my accountants. I didn't even remember the incident. The disputed matter seemed a very little thing, like a baby leech on your butt when you're up to your eyeballs in alligators.


While at my desk 9 AM one foggy Monday morning, a good, reliable supplier, "Mrs Zanadu," burst into my inner office unexpectedly: "How could you do this to me?" She was waiving my bounced check for $75,000. Her people had done a good job, and I'd authorized full payment for her on the prior Friday. I told her, "Calm down ¬lets have a look?" I knew our check was written against a good account. We had more than enough on deposit to cover this check several times over. There was a credit line too.

"There's been a mistake," I exclaimed. "You take this downstairs to our good friend, the Bank Manager, Mr. Moneypenny. He'll set things right!"

I was writing a humorous memo to Moneypenny, my bank manager, about not smoking any more grass. Told him to cash this attached $75,000 check immediately for Mrs. Zanadu, and to kiss her fanny seven times.

That was when my ex-wife Lady Morgana De La Fey Trevellian burst in screaming:

Morgana [Fire Breathing LADY Dragon] ENTERS HISSING

"You dirty, low down %$#@#$*. It's enough that you $#@$ me in our divorce, but how could you do this to your own kid?" Her scenes were nothing new.

"My dear, sweet lady love of my life, what was this itsy bitsy anger all about?" I asked. I sent Mrs. Zanadu on her way and gently but firmly told Morgana the Terrible, "Calm down, darling sweetness, have a seat. Have this cuppa soothing Tizana Tea I made for myself. Tell me what's on your mind. Please, dear. Don't be upset."

"$$#@# you + your ^#@$#@!!% tea," She blurted angrily as my peace offering hit the wall breaking the cup into an irretrievable archaeological artefact. "The G-Men just seized your daughter's Christmas and birthday money: Two Thousand six hundred thirty-six dollars. And if you, you %$$$#@#$, don't hand it over in cash in the next thirty seconds, my lawyers, Stabbim Grabbit & Ballsqueezer, will make you wish you were never born."

I knew better than to argue with Morgana, so I went into my petty cash drawer and pulled out $3,000 cash. "No need to threaten me. You know I love you still, and I love our wee baby. I don't know how this happened. But I will take your word for it. Here, these three grand is for our little Snookums. You keep the change and get your pretty hair done up in a Beehive or whatever you like. You always look so beautiful when you're mad."

I said it (about her looking beautiful when she was mad) even though it wasn't true. It was a good line from an old Clark Gable movie. It usually worked to keep the ladies in my life from sinking into a self-induced hysteria or throwing things.

"You're so cute when you're angry." That is one of my favorite lines. It often brought a smile and tears to their eyes, and after a few minutes of tender embracing, they were firmly in my control – where all beautiful women belong.

But Morgana (still with a magnificent figure) would have none of it. That was how my day started on what I later referred to as my Disaster Monday.

Morgana growled and snarled: "I'm in no mood for another reconciliation on your office couch." She grabbed the money, pushed me away, and said rather calmly, "So long dick head. The smartest thing I ever did was to get a quick divorce from you." She moved towards the door like an angry tornado.

Then, she paused. What next? Would she stride back to me, strip me naked, and force me down to yield once again beneath her powerful loins? No such luck. She pouted with those big pleasure-giving quivering lips, angled her legs in the sexy stance of the model she once was and cooed: "You'll get your comeuppance someday!"

She turned her back to me again and headed slowly towards the door, knowing how much I enjoyed the view. I watched her gorgeous little bottom float away from me, swishing the folds of her dress most delightfully. Two marriages after me, Morgana was still nicely rounded – a posterior like two well-inflated balloons.

At the door, she paused again. Aha, she is coming 'round, I hoped. She turned, just her head this time, and gave me the same fleeting smile that once warmed my heart. Then she blew me a kiss. "Bye," she murmured sweetly.

"We sure had some good loving together" I mused. She was wife number three for me (and almost the most expensive of the lot) but I still loved her. Sort of. The next time I saw her it was in court – again.

Ahh, well, I digress. Back to the main tale.



To put that very long and disastrous day in a nutshell, at least fifty people complained of bad checks that Monday. My business went into a dead faint, and never woke up again. We had no money and were locked out! No access to any of our projects. The finished properties and construction projects were all sealed. Workers were greeted with bits of tape, and official warnings taped on all entrances:

"WARNING DO NOT BREAK THIS OFFICIAL SEAL These properties have been seized by order of the United States of America”

Every single one of my personal and company bank accounts was empty. Every stock brokerage account was "frozen." I had only the money in my wallet. What the heck had happened?

Some pimple-faced little twerp in the bowels of some government office building basement, had decided to screw me over real good. He might be a nobody, he might be on a small salary – but he could show some son-of-a-gun rich tycoon like myself who really held the power in our society. To show who is boss in connection with the disputed claim of a few thousand dollars, he gave an order to place liens on all my properties. All my bank accounts (immediately isolated by computer search) were closed – turned over to his agency for further disposition.

Newspapers were notified by the official government press release that this action had been taken because of my un-cooperative attitude. (I dared to question the claim!) My special treatment was to serve as a warning to all business and professional people that they must drop everything to kiss the fanny of any junior bureaucrat who wanted to waste their time and makeup claims out of thin air.

My ex-wife's fury had been provoked because my daughter, then six, had a few thousand dollars in a savings account. Morgana the witch, I mean wife, uhmm, the ex-wife was (at that time) the sole signer on the kid's account. But my name and socialist insecurity number were associated with this account. When the kid was only a few days old, I had opened it. Now, six years later, it had been confiscated, along with every other bank account, stock brokerage account, and property I owned or had any interest in.

I had used my social security number to open the account six years earlier because the baby didn't have her own government ID number yet. Now it belonged to the government. Was this a bad dream?

The long and short of it was that from that day on, all my employees were out of a job. Mrs. Zanadu and all my creditors (innocent of any wrongdoing – just as I was) were to remain forever unpaid. Most of my old contacts would never do business with me again. They blamed me for defaulting on deals that were no longer in my control. I was soon to be held in criminal contempt and sent to jail (again!) for being unable to meet my alimony and child support obligations.

The government agency – which had tied up hundreds of times more in assets than their claims were worth – insisted I owed them still more. Other state and local agencies piggybacked onto these claims. I soon had so many civil cases, trumped-up fraud charges, and other troubles that there didn't seem to be any light at the end of the tunnel.



Some would have defenestrated (jumped out of a window). This was the euphemism employed during that period in government "resolution reports" i.e., the conclusion in similar cases. Really – No joke!

But no defenestration for me! Though not prepared for a totally unexpected battle with the government, I (fortunately) had some experience in operating offshore. I had moved myself and my assets abroad for a short period when I learned Morgana was going to sue me for divorce. After settling with her, my guard was down. Big mistake! It cost me most of my assets.



Six months later, I packed up everything I had left in one small rucksack, borrowed money from the few friends I still had left, and boarded the first flight to anywhere. What flight? I had no plan, just wanted to get out of the country and have time to think.

Fortunately, once I was alone – without the pressures of daily depositions and court appearances – I remembered that I still had one bank account abroad. A long-deceased foreign aunt and uncle had established it for me as a child. Their small estate had gone into this account before the Morgana divorce, and it stayed there on the excellent advice of a lawyer who told me to leave the funds abroad, "just in case."

There was enough money there, safe from government attack, to support me for a few years while I decided what to do next. What had been an irrelevant small change in my financial heyday became my survival stash! Not enough to support me for life, but

sufficient to allow me to relax, smell the flowers, get out from under, and breathe freely.



It’s another story, the litigation’s end... but I learned that when your property is seized in litigation (especially when the government is the plaintiff), even if you win – it can be years and years till you get back any part of it.

Even if you are judged to be completely in the right, when the smoke clears, any real estate that was mortgaged, has long ago been foreclosed and lost. Maybe it is sold for back (local) taxes.

Your business or profession? Forget it. Clients stay away from any lawyer whose client trust accounts are seized and who can't keep himself out of trouble. Even the big star attorney, F. Lee Bailey hasn't made much of a comeback since 1996 when he served 45 days in jail for contempt until he coughed up $16 million to pay a government claim.

How about your cash and securities? What a joke! Any recovery – when you don't have money to pay lawyers hourly rates – is subject to their fifty percent contingent attorney fees (if you win), plus costs. You might get a 25% net if you are very lucky. The best-case scenario is hardly worth seven or eight years of court appearances, depositions, document searches, and long waits in lawyers’ offices and rat hole hearing rooms. Your business goes to pot. Worst of all, when you have been grievously wronged, there is no one to sue.

"The government acted in good faith!" says the judge. Not sometimes. Every time! And besides, says the judge: "As a sovereign, your government officials are immune to any action for damages."

Your lawyer? He’s got his half. "Maybe you can get a congressman or senator to pass a private bill to have the US Treasury make you whole again." Sure, if you believe in Santa Claus or Easter Bunnies.

Had I to do it over again, it would have been better to walk away. Devote all that time and energy spent in courts and in rat-hole deposition rooms instead towards new projects and a new life abroad. The past is dead. Let it go.



Once upon a time, some fifteen years after Bloody Monday, I met another exile in Europe who had owed me $12,000 for a car I had sold him just before leaving. He had been a good friend. Later, went through troubles of his own, and as I did, he made a new life for himself abroad. I reminded him of the money he owed me. "Come on my friend," he said "That was a different world- a different life. Forget it." He was right. I never brought it up again.



It was all a paper game for the little twerp bureau-rat who set up the chain of events that disrupted my universe and ruined me financially. I was just one of the hundreds of similar lives ruined by him in his brief government career. Such twerps grow up to become politicians or, more often, amoral private lawyers. They inevitably change sides.

Graduating with credentials in advanced harassment, they move on to represent victims instead of setting them up. But government always holds the winning hand. Their bureaucrats have endless resources, nothing else to do, immunity from counter-suits, friendly judges (who work for the same employer), and special rules of discovery and collection – just for them. They win 98% of all their cases. Even State prosecutors win over 95% of the criminal cases they bring to court. The "O.J." acquittal in his first case was one in ten million events.

Movies and books usually see the innocent person acquitted. In real life, a criminal defendant always loses. Even if he isn't convicted, the stress, loss of face, and finally the hemorrhaging attorney fees do the damage. To me, getting caught in the wringer caused my then-current marriage to fall apart long before the trial was over. Post-conviction, becoming an exile, a fugitive, and being impoverished put me in a position where for many years it was impossible to see my own kids. There was a lot of other damage too, but I won't bore you with a six hundred page partial summary.

"Well," says you, dear reader, "You were well educated, healthy, relatively young, had money and friends abroad. What are you complaining about? Other people start off far worse off than you were when you left the country.”



This is not a plea for sympathy. I am not somebody on a crusade -a guy who wants the Justice System to be juster. This is a wake-up call for you. To warn you that there is an unseen danger out there. I want to prevent you from ever being caught in a situation – worse than mine – from where there may be no exit. My story had a relatively happy ending. But I was for months in a mental state where it would have been quite easy to blow my brains out -or to turn to booze or dope for comfort. Stories like mine don't usually have a happy ending.

As for me, sure, things worked out. I got to live in Monaco and watch the pretty topless French girls for a while. Then I found lasting romance, a new family, and a new career in Europe. Sure, I lost a lot of material possessions. It was down the toilet with everything I had built up over twenty years. I was forced to sever ties with all my old friends. Whatever social position and status I had were gone with the wind. But I was able to make a comeback of sorts – to survive and prosper. "Living well is the best revenge."

Part of my success and survival was because I was young, and partly because I had some mad money abroad. To be quite honest, I think another key factor was my attitude. I wasn't going to be beaten. But as with Scarlet O'Hara, a wholly good life was taken away from me. It was "Gone With The Wind." I was, in effect, an unwilling “expat” – a refugee.

For you, if you are mentally, financially and paperwork prepared, you probably will never have to leave and to suffer nearly as much as I did. Why? Because you won't be fatally injured when the enemy fires their first volley. This process of learning how to protect yourself takes a bit of understanding. You will find much more information in my three-volume book Bye Bye Big Brother! But, for now, let me give you a hint.

Being PT or Prepared Thoroughly involves hiding a large portion of your assets and getting your paperwork in order so that you can disappear (out of the country) and be off of every computer in the world until things cool off. When the money is gone and the body is invisible, there is nobody to sue, arrest, or harass. You are as free as a ghost – or a soaring soul maybe.



Years later, after a career in quite unrelated matters, I met the late Dr. W.G. Hill at a seminar in Monte Carlo. We became closely associated (when I volunteered to be his proofreader and editor). He became a legendary guy who had very similar problems to mine earlier. He too was a tax exile or Perpetual Traveler (PT). By then he was a successful consultant on "offshore matters." Through him, I learned of and met many other people who didn't come out so well – and a few who did much better (financially) – than I did. To cut a long story short, I made this information public to allow you to learn from their mistakes and successes.

Once you lose a great fortune, the value of money falls into perspective. Sure, you need enough dough to cover the basics – but beyond that, relationships, health, and creative work become much more important than collecting more chips or markers.

What are the Six Flags? It goes something like this: Every PT should realize that "his" government exists to exploit him, not to serve him. Accordingly, six (probably new) flags should be chosen:

  1. A country that will give you citizenship and a good passport which you can use for travel and banking business – a country that will not seek to control and tax you when you are gone.
  2. A country where you can work or run a business to make serious money.
  3. A country where you can play or indulge yourself in what gives you pleasure – even though such activities may be considered illegal, immoral, or fattening at the place where you formerly lived.
  4. A country where you can have a "legal residence" and where there are no onerous regulations, property taxes nor income taxes. Of course, the country should not require that you actually spend any time there. This is where you spend time “on paper”.
  5. A banking or asset haven from where your investments and financial dealings can be run by trustworthy employees, institutions, or banks. This place must have genuine independence, good secrecy laws, a laissez-faire attitude, and a long tradition of the inviolability of private property.
  6. The Sixth Flag is cyberspace – your internet business, communications, and money moving center. You can be physically invisible but virtually everywhere. You can roam the globe electronically, raking in profits even as you sleep.


Each of the above six flags should be different from each other, and certainly different from the country you were born in or are presently a citizen of. Only then can you experience true freedom and the ultimate sense of security.

Only then will you not be under the thumb of anyone's government. If one of your flags goes down, the rest of “you” carries on normally – you can simply route around the problem and replace the damaged flag.

What does all this mean to you? Probably that you have a lot to learn – and there is a whole "offshore" world out there that you don't understand at all. Here’s where the strategies outlined in my comprehensive plan Bye Bye Big Brother can help you.



Why open your mind to this new way of thinking? Simply put, the average professional or business guy (or woman) doesn’t realize that the only thing between him and a sudden disaster (like mine) is a thing called "judicial and prosecutorial discretion." Or, to put it another way, if anyone gets in a lawsuit or comes to the attention of certain bureaucrats who don't like them for any reason, that bureaucrat can pull the plug. Like cancer or an AIDS infection, your life then changes radically.

Most people won’t believe it can happen to them -until it happens! What to do? Like the Boy Scout Motto: "Be Prepared!" If you are prepared, the chances of it happening to you are much, much smaller, for reasons you will learn throughout this book. That, however, doesn’t mean that being Prepared Thoroughly wastes your time and effort.



When you are hit with a lawsuit – maybe just for failure to file an environmental impact report – your whole world can collapse overnight. What about sexual harassment? You pat an attractive passing fanny just as your father, grandfather, and great grandfather before you did with their secretaries. Fanny patting for you is just following a historical family tradition dating back to biblical times. For your ancestors, if there were a smile and a kiss from the object of their affections, they had a brief fling or sometimes married the girl. Maybe the divorce cost them something – but Grandpa at least had some good cooking, good sex, a few years of the company, and a few kids out of the deal.

Today, a little feel (and nothing else) can cost you a million dollars, plus attorney’s fees of an equal amount. The plaintiff’s award in a sexual harassment case can be

more than that if you happen to have any visible serious money. In most communities, hungry lawyers roam the streets like scavengers, trying to stir up "class actions" and other lawsuits that will transfer wealth from the deep pockets of productive people into their own ravenous maws.

There is one guy around who has never made any legitimate money from his patents, but he has acquired thousands of patents just for their lawsuit potential and has become a near billionaire by filing many patent infringement suits.

Another chap in California gets copyrights on short (sometimes rather prosaic) sayings. Then he sues authors and publishers who use them. “Beware the slivey toves,” Alice in Wonderland was told. “They gire and gimbel in the ‘boro groves.’” Life and love can be surrealistic these days!

Another strong possibility is identity theft or simply mistaken identity. You are a saint, but computer error or misidentification targets you as some kind of tax evader, money launderer or criminal. The laws are such that crimes can be tailored to fit any individual who falls into the net. By the time things are resolved, maybe you have spent years in litigation or at worst, in jail. My own personal observation (from having been there) is that at least one-third of the people in jail or convicted of felonies did not deserve the screwing they got.

Your chances? Fully one in five that you will be accused of a crime during your lifetime. About one in seven that you will be convicted! For wealthy people who used to be virtually immune from criminal charges, the odds are changing – not in our favor. We are now prime targets. The "undeserving rich" like Martha Stewart, Mike Milkin, and Leona Helmsley is the means, the stepping stones by which ambitious bureaucrats become successful politicians.

Bureaucrats and politicians produce nothing of value, but they love to destroy those who achieve prominence in productive enterprises. At some time in your life, if you are an entrepreneur or innovative professional, it is extremely likely that you will lose your assets and very possibly serve some hard time.

Business Risks? We have not even mentioned good old-fashioned business risks and economic cycles that have destroyed (or will sooner or later bring down) every economic enterprise that ever existed on Earth. Assets on deposit abroad, the same ‘insurance’ that will keep you afloat when you are sued, will help when and if circumstances cause insolvency.



Did you know there is a very good chance of your doing jail time in a non-criminal matter? Several examples will be cited later in this report. Many people, particularly professional people and wealthy people, go to jail for ‘civil contempt.’ Once, when (after the divorce) I was having a dispute with good old Morgana over visitation and child custody, the judge got disgusted (mainly with her) and said: “I don't think either of you is fit parents. I am taking your "Snookums" into State custody, and putting

her into foster care. Now, both of you get out of my courtroom!” he snarled. “Come back in sixty days and only after you have settled this between yourselves!”

The reason we were in court was that we couldn't settle it between ourselves. We wanted a decision, but not that decision. All I asked was that Morgana should let me have Snookums on alternate weekends – as the original court order had provided. Morgana said no. “You'll see the kid only when I say so.” Now the judge was going to put the four-year-old kid in jail, I mean “foster home custody? What kind of thing was this? Of course, I was furious! My baby was only four!

I was so shocked by this order I blurted out, “Your honor, that is the dumbest thing I ever heard. I withdraw my objections. Give Snookums to my wife. Don't send her to an orphanage!” What did that bit of King Solomon’s wisdom get me? Guess?

“That outburst will cost you five days in the county jail. And a $500 fine. I am the only one who makes the decisions in this courtroom, and don't you forget it!”



The point is that your personal freedom, your control over your own money and your destiny, hangs by a thread. That thread can be cut by any number of jerks like the judge above. These people are often ignorant, uncaring, jealous people with their own agenda. In my opinion (hereafter IMO), neither state social workers, Judges, nor private litigants who come into your life by random chance, should be allowed to have such control.

Nobody but you should have power over your kids, your ass, and your assets. In the coming pages, I will take you through the hidden trails that lead many of my clients and me to take complete control over their own destinies. You should have the right to earn money honestly and to save or dispose of it as you please. We don’t need to be part of an unfair system. We can indeed be individual sovereigns, writing our own rules.

Can you afford to ignore the rest of this story? I don’t think so. Don’t wait until some capricious event deprives you of your money, your business, your family or your precious personal freedom. My foreign bank account, the one that saved my life, was provided for me in a way that amounted to a lucky (very lucky) accident.

If you don't have a rich uncle abroad who has set you up with survival money, then do it yourself. Opening your own bank or stock brokerage account offshore costs nothing. It is completely legal, and it might save your life. It’s a first step toward saying Bye Bye Big Brother or becoming an Invisible Investor!






I hope you enjoyed that first chapter – and, more importantly, that it woke you up. If you’ve studied this subject a little before, it might even seem familiar to you. I wrote it more than ten years ago as a call to action in my book “The Invisible Investor.”

If you thought things were bad, then – times have changed – for the worse!

That was before 9-11 swept away most of our civil rights. Think back to the mid-nineties and all the freedoms we took for granted. Think of how things were before the ‘financial crisis was used to justify never-before-known levels of government meddling in everything financial.

People who followed my advice back then, and continued to monitor things on an ongoing basis, are safe… because they didn’t make the mistakes that most amateur ‘tax evaders’ did. Already back then I warned Americans, “Never open accounts with big Swiss banks like UBS and Credit Suisse.” I told the story of Nevada White, who was betrayed by his Swiss bank long before they closed accounts and gave up the names of American customers.

Fast forward to 2009. 52,000 (at least that’s the number according to the IRS) of the wealthiest and most productive Americans who had unfortunately never taken the time to read my advice. They have spent months of sleepless nights wondering if and when their accounts would be revealed to the IRS. The psychological pressure on many was too great – they decided instead to own up and face the consequences. The psychological pressure was a powerful Big Brother tactic.

Like this for example:


“Offshore Tax Evaders Deserve No Sympathy!”

That’s an actual headline from a Wall Street Journal article published in July 2009. The writer, one James B. Stewart, says: “[USA banks] don’t offer ironclad secrecy in the face of a legitimate, court-sanctioned subpoena. [This] means [the USA] doesn’t lend itself to tax evasion.”

I wonder what dream world James B. Stewart lives in. The truth is that USA banks protect millions of foreigners with bank secrecy, but they offer no confidentiality and little or no protection against theft to Americans… Under the PATRIOT Act, any teen¬age punk who works for the IRS can – with a simple form – sniff into or freeze and seize any stateside bank account of any amount for any reason --without any court orders or hearings!

Anybody, any private citizen or corporation, with any claim, no matter how far-fetched, can easily get a temporary ex-parte (one-sided without any opportunity to defend!) injunction to freeze any USA bank account. Then, it may be years and thousands in legal fees until it can be unfrozen.

Anyone can get info from an American bank by just asking or using simple subterfuges. Any identity thief can empty a USA bank account pretty easily. There are industrial-scale web-hacking operations in places like Ukraine and Indonesia dedicated to doing just that.

In fact, anyone seeking information on your bank account doesn’t even need to go to your bank. Credit bureaus are a huge repository of information, all conveniently indexed by ‘social security number. They may show the existence and balances of your bank accounts. Anyone can run a credit check online instantly on anyone who banks in the American system.

A credit card company can grab essentially as much from your bank accounts as they claim is due, without anybody stopping them.

Any onshore bank can call any slightly unusual or irregular transaction “suspicious” That alone will possibly trigger a seizure of that account.

The only solution to any American’s quest for privacy or security is NOT to EVER use any USA bank except for automated bill paying and ”pin money.”

Serious bank, credit, and identity security don’t exist in the USA. Period.

Of course, anyone with half a brain and substantial assets might try to get some additional protection by keeping some of his assets parked “offshore” where they are not subject to theft and arbitrary seizure. Taxes often have little to do with desires for safety and privacy.

The USA is by no means the worst offender. Wherever Uncle Sam leads, the UK, Australia, and Canada follow. Some countries like Germany, Sweden, and Norway are even more advanced in spying on their citizens’ finances.

But the populist drone rolls on in the media. Any smart individual who chooses to opt-out of the system is treated like a heretic or a traitor, an unpatriotic leech who is seeking to live off the back of the hard-working workers.

The truth is something different. Many of these so-called workers are unproductive in the extreme. They are actually supported by the state in some way or another. Well over half the population either works for the state directly or lives off the public teat indirectly, such as politicians on exorbitant pensions, the unemployed, or welfare recipients.

And guess who is supporting them? You!






Now, the rest of this special report will cover the nitty-gritty. What are the best legal structures for asset protection, and how do they work?

No one can deny that far more options are open to the investor whose capital is invested from a base or headquarters outside of his home country.

Big Brother wants you to believe that anything offshore is dangerous and risky. The offshore industry lawyers want you to believe it is easy and secure – but very expensive – to set up trusts, foundations, three-tier holding companies, etc...

The truth is that making the decision to go offshore is much more straightforward and economical than many might have you believe. Opening an offshore bank account, for example, will cost you almost nothing. There are still numerous possibilities to protect your privacy.

What kind of possibilities? Yes, you can use a trust, charitable foundation, non-profit corporation, IBC (a tax-free international business corporation), LLC, or another legal form like the Liechtenstein Anstalt or the Panamanian ‘Private Interest Foundation.’ All these entities have their own separate legal identities but can be structured in whatever way the client chooses.

One fundamental about a free market that never changes is that if a demand exists for a particular product or service, then businesses will supply that market. The offshore ‘industry’ is no exception. A huge consultant business has grown up in the last few decades, helping people set up corporations, trusts, foundations, LLCs (limited liability companies – a kind of halfway house between a partnership and a corporation), captive insurance companies, etc.

The supposed purpose of all this paperwork is to make money disappear, but to do it legally (sort of) in such a way as to eliminate all paper trails and obviate any and all filing requirements for the client. The client should become invisible!

Big Brother's recently renewed attacks on financial privacy have been met with varying degrees of battle-shy submission from both the offshore jurisdictions themselves and the offshore providers that promote their services. This is no surprise. However, we have observed that 99% of those advertising on the net who present themselves as ‘offshore consultants’ are simply opportunists. They are not professionals at all. They see an easy opportunity to set up a website selling relatively simple and straightforward legal structures like IBCs (International Business Corporations – the classic tax-free offshore company). They make them sound complicated and charge outrageous fees plus ongoing charges yearly to their clueless clients.

My view is that complete financial privacy is --and always will be --available to those who want it, despite the recent attacks against the offshore industry. Such is the nature of international finance and the globalized economy which no government can change.

But complete financial privacy is not something you can buy online with a credit card. You are unlikely to get good advice from a website you found on Google Ads. We wonder how they (Google) can run those ads for crooks selling corporations, bank accounts, credit cards, and second passports that are never delivered. If you deal with un-named individuals without references, you are more than likely to get scammed. As there are quite a few government-sponsored entrapment sites, you might also get yourself arrested.

Setting up the right structure in the right way takes time and effort. That’s why you need to start now, rather than waiting until emergency strikes.

First, you need to identify the honest and well-informed contacts overseas to get things done. The best consultants do not advertise, or even have websites. They do not accept walk-in clients. Everything is done by word of mouth. Probably you will need to travel abroad to meet in person. Ironically, the most trustworthy professionals frequently charge lower fees than bankers or internet corporation mills. But they will charge for their time and advice.

Some of the old established offshore corporation mills have reacted to the changing offshore landscape by reinventing themselves as professional advisers. Seeking to protect their reputations in a world where the word ‘offshore’ has become tainted, they no longer ‘sell offshore corporations.’ Instead, they offer "global tax planning solutions" or "wealth protection strategies".

But lurking behind these phrases is still the familiar desire to sell the same sheaf of paperwork or corporations off the shelf – from the same jurisdictions. They have much more interest in setup and annual fees than the client’s well-being.

This can hardly be a happy time for these companies as they see their profitable enterprises being destabilized and attacked. To stand up to the propaganda would automatically mean having their reputation tarnished and being called "money launderers" – a difficult accusation to "wash off".

We observe that most sellers of corporations and so on in the offshore industry chose profit over morality. They continue to sell yesterday's easy-fix products, not fitting with the goals of their clients. In addition, to protect their own behinds, most of the old line offshore corporation outfits are placing prospective new clients under absurd and insulting levels of scrutiny. They typically demand detailed identification, reference documentation, and even waivers of confidentiality. Why this? So that the smaller fish clients can be “given up” without any court orders if the service provider wants to make a deal.

So can an offshore corporation, foundation, or trust be of use to you in your quest for total financial privacy?

The short answer to this question is: yes – maybe!

Indeed, a basic legal entity is a good first step for privacy, even though it may be completely neutral for tax purposes. That is mainly because it changes the legal name under which the assets are held. No offshore bank account is secure from creditors or government claims unless assets are held in the name of an unknown entity, not associated with you.

Obviously, to repeat: the first rule is that the name the assets are held under absolutely positively must not be known to your creditors or enemies. You may nod your head in agreement and move on to the next paragraph here…

But remember this: Even today the vast majority, something like 98% of people who lose their offshore assets in domestic lawsuits, do so because THEY THE CLIENT revealed the existence of the assets and the name they were held under. If your ex-spouse to be (for instance) knows the name of your offshore bank, your account number, and/or the corporate or trust name, your goose is cooked – even if your account is in Peking...

Few account holders have problems because of bank secrecy being penetrated, or because of tax information interchange agreements, or electronic surveillance, or even Big Brother’s investigative prowess and power. Therefore this point really needs reinforcing. Having a big mouth, or just being sloppy with paperwork is the single biggest mistake people make when trying to keep their international assets confidential.

Maybe I should be a little more specific here. Owners, may, and probably should report their holdings as legally required – to the tax authorities. We cannot help anyone evade taxes. But for other privacy purposes, “A fish gets hooked because it opens its mouth.” Never brag, never tell anyone about your offshore accounts.

This includes possible ex-spouses, for example. Can you really trust your spouse to keep a secret if she is put under pressure later? Or would you be doing everybody a favor by not telling her in the first place about where the family treasure is buried?

And there is another big group of people you should never talk to about your offshore plans – to professional advisers in your home country. We mean lawyers, accountants, tax preparers, local bankers, or even real estate agents and car dealers.

Professional privileged communication is a thing of the past. Bank staff, real estate agents, lawyers, and just about anybody who handles money is now being told by Big Brother:

"Always suspect your client might be a money launderer, drug dealer, tax evader or terrorist... Investigate and report, even if in doubt, but never tell the client you've done so –or else you can be jailed for “tipping off a customer.” Big Brother says: nothing will happen to you, even if you get it wrong and report suspicious transactions of an innocent person."

If for instance a domestic coin dealer or car dealer doesn’t file a report of a cash transaction, however, that person can be charged with conspiracy and thrown into jail!

Ironically, even Big Brother agencies like the US Treasury are now complaining that they can’t cope with the huge backlogs of Suspicious Activity Reports – but for professional advisers, always keen to cover their asses, the ground rule now is “if in doubt – report!”

The fight against money laundering and terrorist financing is a useful cloak used to obscure the true intentions of Big Brother. The real goal is control of the population, especially those who simply buck the system because they believe in the classic American ideals of freedom and privacy.



Many legal entities like Offshore Corporations or Foundations no longer give the anonymity they used to. The sheaf of papers you will receive is of little use to you without a bank account. And when you open an account for a legal entity like a corporation, the bank will want to “know their ultimate customer” and identify you as an individual beneficial owner.

They will want to see your personal ID, a utility bill from where you actually live, and they will carry out certain background checks with the likes of Interpol or even big, secret private databases. They will keep this information on file to show they have done their due diligence, and if they should dig up anything “suspicious” they will file a report in their own country which in most cases will also go to the country of your residence and passport.

However, the key point is that a legal entity is regarded as a separate ‘person.’ If the assets are held in a Foundation’s name for example, by definition means assets are not held in your name. So if anyone is looking for assets in your name, the assets of the legal entity will not be found through a search for your name.

Even if the bank knows or suspects you are the beneficial owner of the assets, or you have signatory rights on the account, provided you have taken a few basic precautions, the bank will not report the corporate, trust, or foundation account to anyone who is trolling only for your name..

I suggest you read these last lines again. Make sure you fully understand them before moving on. Because the above is very simple, it is one basic method that still makes effective asset protection legally possible today. There are many gimmicks, twists, and turns that smart lawyers can add to increase privacy and security and to make the structure more ‘compliant’ with your home country laws. The bottom line is that the assets must be legally held in another name, not yours! A corporation or foundation can serve this purpose.

Your ‘mother lode’ – the bulk of your wealth – will be transferred through these accounts eventually ending up in two or three top-secret depositories, depending upon your goals and how much money you have to invest. Those funds will be kept in "alternate identity" Corporations or Foundations with no visible connection to you whatsoever. You will never access the mother lode with a credit card, check or do anything with regard to account that leaves a paper trail. All mail will be held by the bank and statements are never to be taken out of the bank building itself!






The Swiss tend to be miffed when they are criticized for their fabled bank secrecy and numbered accounts. They correctly respond that, while anonymous numbered accounts only really exist in James Bond movies these days, American and British bankers (so often the origin of the finger-pointing), routinely achieve much stronger protection and secrecy for their clients through the use of some of the oldest asset protection vehicles – trusts, and foundations.



The trust was “invented” in England during the crusades. It was acknowledged by the courts of the time that a landed nobleman could depart to serve his country in the Crusades in the Holy Land – and if he died, his lands and titles would be held safely by a “trustee” until his infant heirs could take charge.

The transfer from a trustee to the heirs was held to be free of feudal estate and inheritance taxes partly due to the noble purpose of the crusades.

Thus from the beginnings, trusts were partly tax avoidance devices, and partly a simple way to protect real estate from creditors. Thousands of volumes have been written about the fine points of trust, but the basic idea is quite simple.

Larry Landlord can convey “naked title” to his friend or banker, Tom Trustee to hold until certain events happen, and then convey title to the “beneficial owner” Larry Jr and his sister Lingonberry Landlord.

Trusts are commonly used and recommended by so-called asset protection experts, to judgment-proof the likes of Larry Landlord. Because he is no longer the owner of assets (like property or securities held in trust for heirs, girlfriends, or others) his creditors can’t grab the assets even if they get a judgment against Larry. It can get very technical in that the trust conveyance must be made “not in fraud of existing creditors.”

These days, only a few types of trusts are good at reducing taxes for Americans. But they will still work for most other nationalities. It pays for almost anyone with a net worth of over $100,000 to investigate and understand how a simple trust may benefit them.



Most people take ownership for granted as something fairly simple. Say you own an asset – like a bank account or a house – you own it, and that is that. However, if you want to use a bank account as your own, but give it to one (or more) of your kids, without it passing through expensive probate, you simply open the account in “Your Name, in Trust For Your Kid’s Name.” This is called a “Totten Trust” and it is as common as dirt.

Ownership has been called “a bundle of different rights.” One is the legal title to the asset (the person listed on records as owner); another is the right to income from the asset; still, another is the right to control the asset and to use or direct how it is used.

Usually, these rights are bundled together into ‘fee simple one owner ownership’, so you don’t notice the different rights involved. Yet these rights can be and frequently are unbundled.

For example, if you buy a house with a bank mortgage loan, you may not technically be the legal owner. A bank or building society has a “Trust Deed” You have the right to live there, but only as long as you make the mortgage payments. The bank can kick you out by getting a court order that you have not paid, and foreclosing your right of possession. They take over the property if you default on the payments.

A trust typically involves three main players. The first is the ‘settlor’ – typically a wealthy individual, who hands over control of an asset to a trusted second party known as ‘the trustee’ – perhaps a lawyer. This trustee in turn controls the property on behalf of a third party known as the ‘beneficiary’ – who might be the settlor’s heir for example.

The trustees are the legal owners of the asset but they are not the beneficial owners, and apart from fees the trustees should receive no benefits from the assets. Trustees are bound by a “deed of settlement” (or trust deed) in which the settlor lays out instructions about how the assets of a trust can be used; the trustee is bound by law to follow these instructions. Trusts are generally meant to incorporate this split of roles, responsibilities, and entitlements.



Let me say at the outset that I see absolutely no reason for any intelligent person to be involved with giving other people (like lawyers, accountants, or trustees) control of their financial affairs. Period. You can get their usually bad advice by going in to see them and asking questions as ‘Mr. Smith.’

More often than not except in very special cases using others to really control your assets results ends in disaster — because their inevitable problems or those of other of their clients related to tax collectors and regulators become your problems.

So it is hard for most people to understand why a settlor would want to give away his or her assets. To lose the whole asset seems like an oversize price to pay if the aim is to protect the asset from others who would seize and freeze it, or simply to cut the tax bill on the income from that asset.

The answer to this is that while the settlor has, in theory, given the assets away to a trustee, who has legal title to them, the settlor can usually still exert a measure of control over the assets.

Offshore jurisdictions in particular allow very wide powers to settlors – which means they can still pretend to have been separated from the assets, while in reality, they exert a large measure of ongoing control.

Some of the world’s finest legal minds spend their time dreaming up schemes using these kinds of principles – generally, the more complex (“sophisticated”) they are, the more expensive.

Jersey trusts, for example, are created and governed pursuant to a 1984 law under which the settlor has the power to make the trust's investment decisions and the trustee is under no obligation to ensure the investments are in the interests of the beneficiaries.

A trustee might, for example, appear to be independent from the settlor when the trust is set up, but then be replaced later by a more pliable trustee, or even by the settlor himself, in disguise, perhaps through another complex offshore secrecy arrangement involving trusts elsewhere.



The Panamanian Foundation offers some of the best benefits of both the trust structure and offshore corporation or IBC rolled into one. The assets of the foundation are not subject to local taxation.

Panama Foundations were first launched in 1995. While this structure is therefore a fairly new entity for Panama, the idea itself is not new. Foundations have been used as a family inheritance planning and asset protection tool in Continental Europe for more than a century. So the nature of the Panamanian foundation is understood and appreciated by many Europeans – including, crucially, bankers.

The law governing Panamanian foundations is based on Liechtenstein law. A Panama Foundation, however, is cheaper to set up, cheaper to maintain, more private, and – perhaps most importantly – offers the utmost flexibility.

Trusts, as I explained earlier, do not have a separate legal personality – instead, the assets are registered in the name of the trustee. Common law recognizes, however, that the trustee is holding those assets for someone else. For example, if the trustee goes bankrupt, the assets he holds as trustee will not be involved in the bankruptcy proceedings. They will be kept separate.

There are two major problems with trusts:

  1. Problem number one is that as the Trust is a Common Law concept that does not exist in Civil Law, there can be conflicts of legal systems. If a country where assets are located interprets trust law differently from the country of residence of the person who created the trust, for example, you don’t need a wild imagination to see that the results could be catastrophic. With more and more people choosing to live, invest, retire, and do business in more than one country, this problem is becoming more prevalent.
  2. The second problem is that trusts have been made more transparent, and less secret if formed in Common Law countries like the USA or Great Britain. You may have heard about this in the news. Recent court cases in the USA, for example, have proven in my opinion that US judges have started to erode the centuries-old trust law altogether in favor of public policy decisions like supporting the government or the IRS.


For this latter reason, any asset protection structure using domestic trusts that is domiciled in the US and some other onshore countries like the UK and Australia is of limited value. Further, it could be positively dangerous to your wealth, privacy, and freedom! Why? Because courts can easily ”pierce the trust” potentially exposing sensitive financial matters!

Big Brother makes the rules. Domestic trusts with American beneficiaries, settlors, or trustees now have onerous reporting requirements and few tax benefits. They are not the great asset protection vehicle they once were.



This is why we like Panama Foundations. Clients who ask us, in individual consultations, about Panamanian foundations have many questions… but I have found that what most people want to know first is: What’s the difference between a trust and a Panamanian foundation?

The answer is that the Foundation offers the best features of a trust combined with the best features of an offshore corporation. The key thing to get your head around is that since there are no shares in a Panamanian foundation, there are no owners. Nobody “owns” the Foundation.

While the foundation cannot technically engage in business activities, it can own the shares of a company engaged in business activities. It is also permissible for the foundation to engage in any activity designed to increase the value of assets. This means that a foundation can be the owner of bank accounts, securities brokerage accounts, and real estate holdings, for example.

A Panama Foundation acts like trust but operates like a company. It is, in essence, a company with beneficiaries instead of shareholders. Those beneficiaries, however, might not even be aware of the fact that they are beneficiaries! Rather than trustees, the foundation is managed by a council that acts more like a board of directors.

Another way of describing it would be “an incorporated company without participating shareholders but still having limited liability.” The foundation is the owner of its own assets and functions in a codified legal system, which is less open to interpretation than common law (in other words, you know in advance the deal you are getting!)

A Foundation is created by a charter, which is registered with the Public Registry in Panama, in the same way as a company. The terms of the foundation charter can be made as fluid or rigid as you wish. The charter is typically written in such a way that its provisions can be easily altered to meet contingencies by means of ‘regulations.’

The charter is the only public document, and will typically include the names of nominees who serve as the Foundation Council. The typical (and most private) structure then appoints one or more ‘Protectors’ who might be the client or a trusted friend or professional etc. The Protector is responsible for the day-to-day operations and operates through a Power of Attorney. The Protector is therefore the ‘main man’ who has sole signatory power over the bank and brokerage accounts.



The Foundation’s financial affairs are nobody’s business but its own, and if you decide to go ahead and form one it should be up to you to decide who to tell about the existence of the Foundation. As I said, my advice is that you tell no-one in your home country. You might for example list your children as beneficiaries, but you do not tell them about it. Instead, you leave instructions in a sealed envelope with a trusted Swiss lawyer, for example, to be opened only in the event of your death.

Just because the Foundation is incorporated in Panama, doesn’t mean you have to keep the bank account there. Au contraire. We wouldn’t recommend that. Open a bank account where most of the Foundation’s assets will be held --outside Panama. European banks (Switzerland, Austria, Liechtenstein, San Marino, or similar) fit the bill perfectly here since bankers in these countries are familiar with how family foundations work.

You’ll find more information on the uses of offshore structures for asset protection in my other publications. I always tell you how to do it yourself if you have more time than money. But if you would like a reputable expert professional to hold your hand, that is possible too. And my publishers can make appropriate referrals.






This chapter is especially for citizens of the USA. It’s about possibly the most effective and totally legal strategy to protect your assets against taxes, governments, and predators of all types! The result, for American citizens, can be savings of literally billions of dollars in future USA income, capital gains, gift, and estate tax. But as you can understand, given the stakes involved, it’s quite a sensitive matter... so a lot of care, research, and good advice is required before you take this route.

And another thing – this loophole might well be closed sooner rather than later. I can’t say when, but the political pressure is definitely there. So again, now is the time to take action – don’t procrastinate!



What do Getty Oil heiress Tara Getty, Campbell’s Soup heir John Dorrance III, former Star-Kist Foods Chairman Joseph Bogdanovich, former Wheelabrator-Frye Chairman Michael Dingman, investment manager J. Mark Mobius, Templeton Group founder Sir John Templeton, Carnival Cruise Lines founder Ted Arison, and Robert Miller have in common?

Simple. They've all taken advantage of what the populist press has started to call the "billionaire's loophole".

The loophole is acquiring a second passport and the subsequent renunciation of US Citizenship.

The United States is the only country on the planet that imposes a tax on a U.S.A. citizen's worldwide income, irrespective of where he or she lives.

No surprise then, that the USA passport is known as “the most expensive passport in the world!” The Philippines tried something similar once but gave it up because they found enforcement was impossible.

If you are a citizen of the UK, Canada, Australia, or elsewhere in the world, your obligation to pay tax on your worldwide income ends if you leave the jurisdiction.

That’s the basic rule. There’s a little more to it than that, but not much.

There is also no guarantee things will stay this way – indeed we would venture to suggest that in the future more countries may be seeking to tax citizens on their worldwide income. As of 2009, Australia in particular was making noises in this direction. So even if you are not a US citizen, you might want to read and absorb this chapter and keep it at the back of your mind for strategic planning purposes! This can enable you to be one step ahead of your fellow countrymen.

Americans, in order to permanently and legally disengage themselves from federal tax obligations, must not only leave the United States but also take the radical step of permanently relinquishing their American citizenship. This process is called ‘renunciation.’

Needless to say, the image of ridiculously wealthy ex-US citizens living completely tax-free in tropical paradises remains an irresistible leftist target. Renouncing citizenship to save taxes is not a politically-correct route to take.

A so-called ‘departure tax’ enacted by Congress in 2008 sought to close the renunciation loophole by legislating that Americans who renounced US citizenship for tax purposes would be forced to pay a one time tax on their entire net worth, and would require special permission to return to the USA – even for brief visits. Our understanding is that not one person has ever paid a renunciation tax and not one person who did renounce has ever been denied re-admission.

‘Taxpatriates’ who leave must theoretically pay a one-time tax on all unrealized gains of their worldwide estate, including most offshore trusts. And the tax applies not only to renouncing US citizens but also to long-term green-card holders who have resided in the United States for at least eight of the 15 years preceding expatriation.

How are you supposed to pay the tax without liquidating your assets? Well, that's your problem—not the IRS's!

Besides the departure tax, headlines such as "And don’t come back!" give the impression that so-called ‘expatriates’ will never be allowed to visit the USA in the future. This is far from true, but this type of propaganda serves to scare away some wealthy individuals from an excellent tax and asset protection strategy. Anyway, if one can legally save millions, and never have to file anything nor pay taxes again for the rest of their life, some individuals won’t really care about political correctness!

Now here’s the good news: We don’t feel it is necessary to renounce in order to get most of the advantages. For the moment (and please pay special attention to those last three words!) there are still numerous ways to legally avoid this departure tax and take advantage of this one remaining legal strategy to permanently opt-out of the US tax system. We choose not to detail these methods here in this introductory-level report, but serious future PTs will certainly get the benefit of our research on this subject.

And more good news: You don’t need to be a billionaire or even a millionaire to take advantage of this expatriation strategy. Any couple earning under around $200,000 a year, for example, can be legally exempt from USA income taxes, without renouncing or even acquiring a second passport.

If you're super-wealthy, giving up your present citizenship or residence can save millions of dollars in future taxes. You won’t likely move to an out-of-the-way, mosquito-infested swamp to benefit, either… Take a trip and you will see that there are places in the world that are better in every conceivable way than the most attractive places in your own country. A lot is a matter of taste, but whatever your taste, you owe it to yourself to see what the world outside of your home country has to offer.

A practical example: Official US census figures released in 2006 put at 34.5 million the number of US residents who claim Irish ancestry. This number is almost nine times the population of Ireland itself, and most of these individuals can claim Irish citizenship with a little effort. The US$1 billion estate of an Irish citizen dying in 2008 who lived anywhere in the world outside Ireland would pay zero gifts and estate tax for all bequests going to beneficiaries outside of Ireland. Whereas the US$1 billion estate of a US citizen dying in 2008 who lived anywhere in the world would pay a maximum combined gift and estate tax burden of more than US$450 million! With an Irish passport, you will get the proverbial “Luck of the Irish.”






There is an old saying that there are only two sure things in life: death and taxes. I disagree, as taxes can be legally avoided.

But it is sure that you will die one day. And if you don’t have things properly set up, the taxman and the lawyers will get their claws into the lion’s share of your estate. So don’t put off making simple preparations like those described below.

Billions of dollars every year go into the pockets of lawyers, accountants, and state and federal treasuries as the result of administration fees, planning, and probate costs. Ultimately, no matter what you try to do with domestically located assets, the greater portion of your life’s work may be flushed down the toilet with estate and gift taxes.

You may still be one of those who think you cannot afford good offshore planning. But my question to you is, can you afford not to explore your options? Do you want to choose ignorance of the possibilities and risk lawsuits eating up your estate? Or do you want to leave half or more of your estate to governments and lawyers?

I say half because it’s a nice round figure. But sometimes (as in the famous Dorrance-Campbell Soup heirs case) more than 100% of an estate can be claimed! State and federal tax collectors along with the lawyers can eviscerate a large estate.

How does a savvy entrepreneur handle these ‘problems’? How can you ensure that the fruits of your life’s work will be distributed according to your wishes after your death?

There are several ways. Boy Scouts might go for Offshore Philanthropy, one of the hot tax planning tools that high-priced onshore lawyers are hyping to the super-rich these days.

The good news is that you can do it much more privately and at a much lower cost. You can transfer assets abroad and set up your offshore foundation or trust to escape all taxes legally. You control (but no longer own) the funds for your lifetime, during which you can use or distribute the funds as you see fit. You appoint a carefully chosen few to run the whole shebang after you die. As the Nobel Foundation with its famous ‘Peace Prize,’ your name (if you wish to be a public benefactor) can continue on forever memorialized by your money! Offshore Foundations are subject to no taxes and little or no regulation.

Suppose you want to retire and study the sex life of plants. You could fund a research organization to pay your salary and expenses while you spent the rest of your life working on this project from the penthouse suites of the various Intercontinental Hotels. Howard Hughes did exactly that!

But for those readers who like to keep things very simple, there is another way that will cost you next to nothing in legal fees (For that reason, your lawyer is unlikely to mention this possibility to you!) And there’s an added benefit to this method too – in terms of asset protection during your lifetime.

You simply put the money with a financial institution that accepts death instructions, in a tax haven that eliminates probate. There are no death taxes of any kind on foreign-owned assets. Upon death, the bank will just pass your money or securities in full, directly to the chosen successor(s), with no extra formalities and no probate required.

What if you don’t want your kids to go out and spend it all at once? Still, no complicated structures are required. Your assets can simply be managed by professional trustees at the bank for your successors’ benefit. No probate, no lawyers, no accountants, no taxes, and best of all no estate planning is needed. Wow, what a relief!

A variation on this plan, if you don’t want to invest everything via one bank, is to use an offshore corporation with bearer shares to hold all your assets. Leave the bearer shares in a safe deposit box at your primary offshore bank, and upon your demise, grant your heir sole access to the safe deposit box. You can also of course, leave physical gold, diamonds, and the like in the box too.

Where do you find a bank that will accept death instructions? Ask around in the right places. Or ask Grandpa. Most banks that have a ‘private banking’ feel to them will be able to help you. Even now, as of 2009, there are top-flight European private banks that are happy to make such arrangements. I can make referrals for personal consulting clients.



Years ago, governments in the USA, UK, and elsewhere presented gullible citizens with the idea that they could set up pension plans to save money for their retirement, deduct it from income and let it accumulate tax-free until a certain age… when they could withdraw accumulated funds and capital gains at reduced tax rates.

Too good to be true? At that time (way back in the 1970s), I predicted that the government would figure out ways to claw back any taxes saved over the years. I also predicted that such plans would not be truly 100% safe from creditors and plaintiffs’ lawyers.

To avoid the heavy, double-crossing hand of the U-Know-Who, I advised putting the funds and administration of any pension funds abroad. It was legal to do that in the good old days, but this loophole was soon closed for those who had not done it already.

Well, I hate to say I told you so, but people who are starting to draw on their appreciated pension funds today are finding themselves saddled with regular taxes and special penalty taxes that leave them with as little as 12% of their capital. Would you believe some people who thought they were very lucky and invested their money with great success are hit the worst? Don’t believe me? A friend of mine faces an 88% tax bite!

Of course, let’s not confuse 1970 dollars with 2010 dollars here, either. Those of us who remember what we could buy with a dollar back in 1970 will understand what I mean. A California, Pacific Palisades house that cost $350,000 then goes for $20 million now—even in the slump. So the 88% tax bite is really just adding insult to injury.

Is there a way out? Of course, there is! Am I going to publish it here in a free report on the internet and have this loophole closed immediately? Of course not! But we do have several solutions for anyone with an IRA or other pension plan who wants to get his money out in full, tax-free -to use it as he pleases. The answer is simple and will take me about half an hour to explain.






Many if not most expat Americans hold a few small accounts in different parts of the world without realizing that their aggregate value has now exceeded $10,000 due to the crash in value of the dollar.

Recent media hype probably means I don't have to remind you that US citizens and residents are required to file a Report of Foreign Bank and Financial Accounts (FBAR), Form TD F 90-22.1, each year if they have a financial interest in or signature authority or other authority over any financial accounts, including bank, securities or other types of financial accounts, in a foreign country, if the aggregate value of these financial accounts exceeds $10,000 at any time during the calendar year.

How does the IRS define financial accounts? Very broadly these days. A “financial account” includes any bank, securities, securities derivatives, or other financial instruments accounts. The term includes any savings, demand, checking, deposit, or any other account maintained with a financial institution anywhere in the world.

But beyond simple bank accounts, Americans are also obligated to declare on this form security (brokerage) accounts, holdings in mutual funds, and securities, derivatives or financial instrument account like forex trading accounts, debit and prepaid credit cards maintained with a financial institution, and even certain types of annuities or pension accounts.

It doesn’t matter whether the account holds cash or non-monetary assets such as gold (though there is a loophole around gold – see below!)

As recently reported:

‘There is nothing improper about setting up or maintaining such accounts, the IRS reassured taxpayers. However, IRS officials are concerned that US persons may overlook that their accounts are large enough to trigger reporting obligations. “There are responsibilities that go along with owning such foreign bank and financial accounts,” announced IRS Commissioner Doug Shulman, continuing: “Foreign account owners must remember that they may have to report their accounts to the government, even if the accounts do not generate any taxable income.”

With this in mind, then, I thought it may be time to look at what kind of offshore investments do not trigger IRS reporting requirements. Here are six to get you started… But remember, individual circumstances may differ. General rules do not always apply to everyone. Check with me before relying upon this advice.

  1. Buy securities from an offshore bank or brokerage. While a securities account is reportable, you can still buy securities in an old-fashioned way – over the counter from a bank, with a paper certificate issued in return. Store the certificate securely offshore. For the avoidance of any doubt, the IRS website itself clearly states: “ Individual bonds, notes, or stock certificates held by the filer are not a financial account…”
  2. Real Estate is the ultimate non-reportable investment. Or as one of our friends recently stated, “It’s hard for the IRS to tell you to repatriate a house”. Of course, if you derive income from the property, for example, by letting it, reporting requirements kick in. But the mere fact of owning a property that is sitting there increasing in value, thereby protecting your wealth, is not reportable.
  3. Keeping money in an offshore bank account is reportable, but keeping cold, hard cash in an offshore bank is not! Just rent a safe deposit box and store banknotes in your preferred currency. Neither the box nor the contents of it are a reportable account. Most banks will require you to open an account first before renting you a box, but provided you keep the account value well under the $10,000 limit you don’t have to declare it. For added security and confidentiality, hold it through a corporation... or rent a non-bank safe deposit box like the ones offered by Das Safe in Vienna, Austria. (You’ll find much more detailed advice on this in Bye Bye Big Brother.)
  4. Valuables such as gold coins, gold bars, or diamonds kept in a safe deposit are not reportable either. You can also expand on this theme with rare coins, rare stamps, artwork, and even whiskey barrels or fine wines.
  5. Warehouse or depository receipts. Certificates representing a specific asset (typically precious metals) are not reportable. A certificate should provide for “allocated” storage – that is, specific bars, coins, barrels, etc in a specified warehouse. A “pooled” account like those offered by Perth Mint is reportable as a financial account – but specific gold bars represented as certificates are not.
  6. Unsecured Loans. The IRS website clearly states in its FAQ section that “an unsecured loan to a foreign trade or business that is not a financial institution” is not regarded as a financial account. Well, there are quite a few potential loopholes here that we shall leave to your imagination for the moment…







“The eight Americans were greeted at Santo Domingo's Las Americas Airport by a smiling host who guided them effortlessly through customs and on to the posh El Embajador Hotel for cocktails and a sumptuous dinner. The next morning the visitors were shuttled to the country's thriving new tourist attraction: the Palace of Justice. By noontime, they were divorced from their spouses back home. The cost: about $500 in legal expenses, plus airfare and the price of an overnight stay.

“Since a liberalized divorce law went into effect in the Dominican Republic 2½ months ago, 220 Americans have participated in the brisk ritual—and poured more than $36,000 into government coffers in the process. The country's chief Splitsville rival, neighbouring Haiti, has been in the foreign divorce business since December, and now records about 100 quickie decrees a month. Both countries are looking for rapid growth in the infant industry.”

You have probably heard of people jetting off to the Caribbean to get married. But did you know, you can also legally divorce in a foreign country, no matter where you happen to be located right now?

The above piece was published by Time magazine way back in the 1970s but is still equally applicable today. The idea of offshore divorces is relatively new to most people in the United States, Canada, and Europe. When it comes to divorce, it's always been a matter of "Do-As You-Are-Told" by a local lawyer, whose main purpose is to extract the highest possible fees from you!

In many US jurisdictions, you have to wait 30-90 days or even up to two years. This is even if both parties approach the divorce mutually agreeing to it, without any fuss or fanfare -and that's also after all the financial wheeling and dealing.

Elsewhere, things are even worse. In Ireland, you have to wait four years at an absolute minimum. In the Philippines, you can never ever get divorced!

More and more international couples are recognizing the value of obtaining a fast divorce in an offshore country. So, according to our knowledge and experience dealing with the matter daily, here following are the top 10 reasons why so many couples are opting for an offshore divorce:


  1. Offshore divorces are fast. Depending on the country you choose for your divorce, the process could take less than a day, and your final divorce may be legal in less than two weeks.
  2. No complex requirements. The majority of countries that are suitable for international offshore divorces have no residency requirements. Guam has a residency requirement of just 7 days. 
  3. Only one spouse has to travel. If you and your spouse are in consent about the divorce, only one spouse needs to travel and appear in court. The other can simply grant power of attorney to a lawyer that will represent him or her in court. In fact, even this requirement can be avoided in the case of unilateral divorce in Haiti.
  4. Offshore divorces are inexpensive. While some law firms and other businesses specializing in offshore divorce do charge substantial fees, in most cases, you’ll pay approximately $2,000 to $5,000. This is a lot less than the costs involved in many lengthy, drawn-out divorces.
  5. Travel is one-time only. If an international couple opts to divorce in one or the other’s country of residence, someone is going to have to travel – a lot. Trips back and forth between countries to attend court dates are very costly, not to mention time-consuming and stressful.
  6. Offshore divorces are easy. You can hire a law firm or other specialized business to handle virtually all of the details involved in your offshore divorce, including travel arrangements and lodging.
  7. Child custody and financial issues can be settled quickly. Although you can obtain an offshore divorce even if you and your spouse aren’t in agreement about child custody and economic matters, it’s possible to settle them as part of your divorce if you prefer.
  8. Widespread court recognition. Offshore divorces are recognized in almost all jurisdictions if both spouses agree to the divorce.
  9. Great vacation destinations. Many places that offer easy international offshore divorces are great vacation spots, such as the Dominican Republic with its never-ending golden sand beaches and luxury all-inclusive resorts.
  10. Confidentiality and privacy. An offshore divorce doesn’t involve spreading your personal information to various government agencies and the public. Normally in an offshore divorce, both parties must consent and not have any issues to squabble over.


Again, you’ll find more on this in Chapter 71 of Bye Bye Big Brother.

“The Millionaire’s Favorite Read”



Property rights have been eroded to the point where the State decides what you can keep – and if you may remain free.



Thank you for being so interested in our PT books! 

Get the PT books from

 Here are some questions you can use to note your thoughts while reading and answer below when finished reading the Asset Protection PTsecrets.
  1. What makes you think the Asset Protection PTsecrets is going to be interesting?
  2. Why do you think "Grandpa" wrote the Asset Protection PTsecrets?
  3. Something you liked about it.
  4. Something you disliked about it.
  5. How did reading it change you or your views?
  6. What would you say to persuade a friend to read it or not to read it?
  7. Summarise it in one written sentence.
  8. What was your favorite part of the Asset Protection PTsecrets? Why?
  9. What was the most interesting thing you learned from the Asset Protection PTsecrets?
  10. What would it be if you could change one thing in the Asset Protection PTsecrets?
  11. How might you have written it differently?
  12. Does the Asset Protection PTsecrets remind you of anything else you’ve already read or seen?
  13. Was there any mind-blowing piece of information you hadn't thought of before that you think you can use?
  14. Did the Asset Protection PTsecrets change your opinion or perspective about anything?
  15. Do you feel different now than you did before you read it?
  16. What feedback would you give "Grandpa"?
If you have suggestions to streamline these questions for this specific PT report, please share your thought, as questions are not "one size fits all"!

Post a Comment