Does banking privacy prevent a bank account garnishment? Yes.
Financial privacy and anonymous banking may be achieved in the U.S.A. or anywhere in the world today.
Stop listening to the talking heads who want you to believe that big government has a right to know your business and where you park your cash. Further, certain media sources would like for you to believe that it is perfectly fine for your assets and bank account holdings to be visible to big government. Why would you want anyone-government included to know your business? Do you want your employees-government to know where you keep your money? You are provided with a right to privacy according to the U.S. constitution. Exercise your privacy rights.
Through the use of certain non traditional banking resources in the U.S.A. and traditional banks offshore, one’s right to financial privacy is assured. Indeed, it is possible to bank online without the use of a Social Security number while using a U.S. financial institution. Details are explained and resources are provided in my New Book, Bank Secrecy: Financial Privacy Crisis Plan and Resource Guide. Look for the e-book to be available soon through our website at: www.PrivacyCrisis.com.
Timeliness of an asset protection program
In order to withstand the test of fraudulent conveyance, assets must be transferred prior to any knowledge of an action.
Assets cannot be seized when they cannot be found through asset searches. However, if one were served with a summons and deposed, he or she should, of course, disclose their true holdings and tell the truth if they were put under oath.
It is important to abide by all laws in your given jurisdiction as you practice bank secrecy. Banking privacy and/or asset protection can be achieved the right way while transferring assets to an entity that cannot be pierced nor can the assets held by the entity be used to satisfy the judgment of an individual limited partner of this company.
A Nevada Limited Partnership has been the choice of many who practice asset protection. It is important to register the company anonymously in order to preserve personal privacy. Once you do this according to the information in Privacy Crisis, you can control all assets while owning nothing.
This article is not intended to offer legal advice. Consult competent professionals for your accounting, legal and tax advice.
Cash and Carry
The ultimate “bank” secrecy program is accomplished by opening an “account” with a privacy-friendly institution that provides check cashing services to individuals and businesses. Once the check is cashed on the spot as it is presented, the individual or business manager receives the cash and carries it away for safe keeping.
The funds are now under control of the person and may be stored anonymously through the use of private companies providing safe deposit boxes or deposited into a “safe” entity under one’ control.
Resources are provided in my upcoming book, Bank Secrecy.