Thread: Swiss Banks
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Old 04-29-2008, 07:15 AM
andrewmitch andrewmitch is offline
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Join Date: Sep 2007
Posts: 239
According to a web site to open up a Swiss bank acct you must have a passport and sign a document stating you are in good standing w/ the IRS.

A member of the BAR told me that even if someone can't see your asset if you are brought into a deposition or court room that you will be asked about all of your assets. If you are caught lying you are screwed.

In asset protection there are 2 stages. Stage 1 is stealth and State 2 is judgement proof. At least this achieves stage 1 and should be enough to at least make it more difficult and expensive for someone to get at you. For example, my members of the BAR will look at a case and see what assets the other party has. If they don't have a lot of assets they may discourage their client from moving forward or not take the case altogether. Point is that they may still be able to get at your account but at least you won't be an easy target.

I'll do some more research on this.
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