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Alternatives
First off there is no way an offshore bank or an onshore bank can agree to anything like this today without putting themselves in jeopardy. What can be done is civil contracts can be arranged with Panama Foundations where the protector of the Panama Private Interest Foundation can be removed from office if he/she is in jeopardy. Changes can be made by a protector if a beneficiary of a Panama Foundation gets into a jeopardy situation. Jeopardy can mean ? blackmail, extortion, kidnapping, partial or full loss of mental capacity, physical incapacitation like a coma, hospitalization, entry into drug/alcohol rehabilitation programs, marriage, divorce, travel to high risk countries or any other conditions that you feel are appropriate to include in the secret instructions pertaining to the Panama Foundation.
In the event of entry into a jeopardy situation assets can be moved and title/control of assets can be changeasset protection, offshore banking, offshore bank accountd temporarily or otherwise.
Smythe Bradley is an expat living in The Republic of Panama. He has published
many articles on
offshore asset protection in panama,
panama visas and residency, as well as many other
expat issues.
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