Swiss Bank Accounts

[iridium]

Originally posted by JR@Jan 8 2004, 02:09 PM
iridium,

you are not protecting money simply because you deposit it in an account somewhere outside the US. it's still declared information. it is still known and proven asset of that individual. you can still go after anyones assets anywhere if you know where they are... it does not matter much where the bank is if it is known what is there, who owns it and is a known fact that that money is under the direct control and ownership of that individual.

if he wants good advice, he should talk to someone who is well informed and experienced in those jurisdictions they specialize in.

JR,

I was answering his querry as far as his specific questions re Swiss banks.
This has nothing to do with asset protection in the form of creating Trusts, holding companies,... which I agree with you is another matter.
You can still create a trust ance choose to keep the funds in a Swiss bank...