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Old 02-24-2005, 08:59 AM
TheBlackTruth TheBlackTruth is offline
Mental Jujitsu
 
Join Date: Oct 2004
Location: California
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Yes, I neglected to include bank accounts in my list of things to separate by
jurisdiction, however, this doesn't change my original premise.

If it gets to the point where a would-be attacker is trying to enforce a judgement against trustees or bank accounts of a trust, you've already lost the main battle. The name of the game is to be judgement/lien/levy proof. You don't even want any case against your interests to last a day in court. Better yet, not even get to court at all.

For example:

In Panama, the government doesn't have the same tort laws we have here in the states. In order to bring a cause of action against a Panamanian entity you have to meet the following requirements:

1) Pay a $10,000 up-front, non-refundable fee to the court system.
2) The cause of action must be a cause recognized under Panamanian law. (e.g. There is no Tax in Panama so Tax-evasion is not a cognizable cause of action in Panama)

This makes it very difficult to bring an action against a Panamanian entity unless it be a truly criminal cause (money laundering, drug/guns trafficing, etc.)

Because of this, most causes of action won't even see their first day in court.

-BT
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