Divorced Dads are getting bad reviews these days as always and no matter what media sources claim, few shirk their child support obligations, and in fact, most pay up and support their kids as any good father would. Some Dads have written and asked if it is necessary for the State to have their sticky fingers on the purse strings so to speak. Is it really necessary for Dads’ wages, salaries, commissions to be monitored and garnished without consideration for the responsibe party? That’s not a question I’ll answer in this column today. However, I will gladly share one financial pricacy protection measure that is surely a safe bet for your hard earned cash. It is called the Ultimate Bank Secrecy Account.
This writer encourages all readers to follow all laws in their jurisdiction. Divorced Dads and others responsible for the support of their children are encouraged to follow laws that apply to their circumstances.
The Ultimate Bank Secrecy Account provides financial privacy by eliminating the ability of searchers to find money through asset searches. It is a legal way of regaining personal financial privacy and establishing a bank secrecy program without the need for two traditional resources typically tied to banking privacy; a nominee for banking purposes and an offshore bank account.
This bank account can be set up through privacy negotiations with management at the financial institution where the account is opened. Certain policies are flexible when management is amenable to making substitutions for identifiers. These substitute identifiers do not include account holder’s names or company names. Indeed, one should always use their correct name and/or company name or they risk being unable to claim the funds at a future time. Do not defraud banks or other financial institutions. It is not necessary or recommended for financial privacy purposes.
Social Security numbers and Employer Identification numbers may be left off of the account when management gives approval for the elimination of these identifiers. A non interest bearing account without check writing features and wire transfer capability that is set up at a check cashing store has been used for banking privacy. The sponsoring bank holds the funds and the account is managed confidentially online without a messy, privacy-invasive paper trail.
The Ultimate Bank Secrecy Account will empower divorced Dads and others to withstand any banking privacy crisis. Look for more information and resources on this topic soon.