If you don’t have a foreign bank account, you’re exposing your assets to risk.
Why? Because you’re keeping all your eggs in one basket.
And if you live in a sue-happy country, like the United States, your risk is even higher.
Here are some figures to consider:
And while you might be thinking to yourself, “I don’t live in the US, so this isn’t an issue for me,” think again…
If you live, work, or do business in any lawsuit-happy country, your assets are at risk too.
What other countries have crazy high lawsuit rates besides the US? The UK, Canada, Germany, Sweden, Israel, Austria, Denmark, France, Poland, Netherlands.
In many of these countries, courts are like slot machines. And, any person (or business) with money is a prime target.
Remember the McDonald’s hot coffee case? McDonald’s awarded a customer $2.8 million because they spilled hot coffee on themselves in a drive-through.
Not a bad deal, right? Spill, sue, go home with $2.8 million.
Money hungry plaintiffs will target anyone who appears wealthy (or has a wealthy family), has easily “collectible” assets, or has a high liability job.
The result? Hardworking professionals, business owners, and even retirees are high-ticket targets. So are children and spouses who inherit money or have wealthy families.
If you live in a country that allows frivolous suits, be prepared to be sued for anything. Swimming pools, whiplash, emotional distress, a dog bite.
In fact, you could be left penniless and in debt for any of the following reasons:
The worst-case scenario is this: if you get sued the courts will freeze your bank accounts and cut off access to your cash.
Overnight, your assets are frozen. And you have no cash to defend yourself. With all your assets neatly locked up, they’re now easily accessible to the plaintiffs and whatever frivolous lawsuits they throw at you.
In other words, if you are simply accused or the victim of an unproven claim – your life savings can be frozen by authorities in minutes. Even if you are completely innocent and did nothing wrong.
Think about that for a second…
If you’re accused of something or have a claim filed against you – the courts, government agencies, police departments, and even the banks can easily (and legally) freeze any assets in that same jurisdiction.
It’s on you to prove your innocence. But, with all your money locked up, you can’t even pay for your defense.
And once someone files a lawsuit against you – or makes a claim on your assets – it’s too late to try to protect your wealth or move your money offshore.
Compare that to what would happen if you have an offshore account…
Holding funds outside of your home country, beyond the reach of a government agency, court system, and frivolous lawsuits, makes common sense no matter what.
When a lawsuit or crisis arises at home, you’ll always have a bank account and cash abroad that you can rely on and use to defend yourself.
Opening an offshore bank account is one of the most basic forms of asset protection.
If you’re living a litigious country with 40 million lawsuits per year, it makes financial sense to keep an emergency fund in a stable, less risky jurisdiction.
Banking offshore is something that anyone with a good job and nice home should consider doing, especially if there’s sued.
Depending on where you live, work, and do business, you might be more likely to end up in a lawsuit, especially if you have something to lose if you ever got sued.
While finding the right bank in the right country and getting them to accept you can be a long and overwhelming process, it doesn’t have to be. In fact, GlobalBanks Insiders can open accounts faster and cheaper than anyone else.
By accessing our private intelligence platform dedicated to helping you open and keep open international bank accounts, you can find banks that match your needs in countries that offer the protection you want.
As a GlobalBanks Insider, you’ll get the tools, intelligence, and key contacts you need to instantly access the offshore banking world, open bank accounts, and avoid expensive mistakes.
Get account opening strategies, access our global banking database, discover secret backdoors into world-class banks, and connect in our private, members-only community.
Our team of analysts spends hundreds of hours digging through paperwork to identify ultra-safe banks and account opening strategies that actually work. You save time, money, and avoid expensive intermediaries.
These strategies used to only be available to the super-wealthy…
Here’s what you get as a GlobalBanks Insider
Or you can learn more for free by joining the Offshore Banking Letter…
Every week, we help thousands of you unlock the secret world of offshore banking to grow your wealth, protect your assets, and increase your freedom with our free GlobalBanks banking letter.
These are secrets that used to be reserved for the ultra-wealthy. But not anymore...
Send this to a friend