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