My previous article emphasized the Trust as the holder of a bank account for the purposes of privacy and as a means to avoid identity theft.
Trust Bank Account
The trust account must be titled correctly with only the trust’s name as holder of the account on mailings to prevent identity theft in the event criminals confiscate statements. Certain banks will want to include the signer/trustee’s name on the statements, but you should not allow the inclusion of any name other than the account holder, the trust.
Nevada Limited Partnership holds bank account or brokerage account
Make certain to register the entity anonymously utilizing the Trust Manager Principle to prevent business identity theft. An identity thief will not have a clue who is behind the account if he or she obtains a bank statement or other writing with the partnership’s name associated with a bank or brokerage account. Follow the same rule as you used with the trust account; include only the partnership name on brokerage and bank account statements to avoid identity theft.
Check Cashing Stores
An earlier essay of mine provided bank secrecy information through the use of check cashing stores and anonymous safe deposit boxes. You may want to use these outlets in your financial privacy program to keep money under your control.
Anonymous Safe Deposit Box
Safe deposit boxes held anonymously may be useful in your quest for financial privacy. A private company, 24-7 Private Vaults offers one the ability to open a safe deposit box privately, and this firm is located in Nevada.
A Nevada Limited Partnership can be used to hold a safe deposit box at a commercial bank located in the U.S.A. or offshore.
Safes can be kept at one’s home or business as an adjunct to banking secrecy.
Ultimate Bank Secrecy Account
I coined the principle, the Ultimate Bank Secrecy Account once I discovered financial institutions that can be used to hold funds privately.
The Ultimate Bank Secrecy Account is being used by privacy advocates at this time. It is a practical solution to a complex problem many businesses and individuals face when identity theft prevention is a goal. Both business banking identity theft and the garden variety id theft that is often committed through bank identity theft will be prevented when this type of account is used.
For a complete description of this type of account with resources for the Ultimate Bank Secrecy Account, see my upcoming book, Privacy Crisis Banking, available everywhere books are sold during the fall of 2011.