| A ruling recently passed by the Supreme Court has | | | | has been an alarming increase in citizen control laws to |
| given local governments the power to seize private | | | | the extent that your personal right to keep banking |
| property to generate tax revenue. This could feasibly | | | | activities private and confidential are now being |
| enable cities to order the removal of homes to make | | | | seriously infringed upon. Indeed, creditors and |
| way for shopping centers or other private | | | | government agencies are well armed with an arsenal |
| development.The 5-4 decision means that home | | | | of legal maneuvers to strip you of your assets. Bank |
| owners will have more limited rights. Thomas Merrill, a | | | | accounts in your name can be frozen, "Notices of |
| Columbia law professor and a specialist in property | | | | liens" can be placed on your properties, your income |
| rights stated, "The message of the case to cities is | | | | can be garnered and even a safety deposit box can |
| yes, you can use eminent domain, but you better be | | | | be seized with a "writ".However, with careful planning |
| careful and conduct hearings".Does this concern you? | | | | and specialized information, your assets can be |
| Only eight states - Arkansas, Kentucky, Florida, Illinois, | | | | protected using an IBC to shield your assets. IBCs can |
| Maine, Montana, Washington, and South Carolina - | | | | protect you from product liability, malpractice suits if |
| forbid the use of eminent domain for economic | | | | you are in the medical field, creditors, and even divorce |
| development unless it is to eliminate blight.In a scathing | | | | proceedings. IBCs can also be used to hold real estate, |
| dissent, Justice Sandra Day O'Connor wrote, "The | | | | valuable collections, precious metals, and shares of any |
| specter of condemnation hangs over all property. | | | | offshore company of your choice.More information |
| Nothing is to prevent the state from replacing any | | | | regarding IBC formation can be found on our website |
| Motel 6 with a Ritz-Carlton, and home with a shopping | | | | at Price is the owner of Liberty Enterprises Inc., a |
| mall, or any farm with a factory."The bottom line - | | | | resource for offshore banking services. |
| protect what you own. Within the last five years there | | | | |