In Panama, a foundation is an offshore asset protection tool that can be used in the form of a trust. At the inception of the foundation a “secret letter of wishes” is created to manage the funds even past an owners life time.
At the inception of the foundation a “secret letter of wishes” is created to manage the funds even past an owners life time. A foundation is an offshore asset protection tool that can be used in the form of a trust. In this way an offshore bankers beneficiary can avoid estate taxes.
A foundation can hold all your assets and have a bank account, but a foundation can not conduct business. This is why a simple foundation isn’t effective enough for anonymity and security.
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