How do I open an offshore account to deposit a large inheritance, and then how do I do banking?
Posted on July 30th, 2009 by admin
Banking
I have recieved a large inheritance and it will be deposited to a bank of my choice and I thought to avoid paying taxes I would put it in a LEGAL offshore account. What I don’t understand is how will I do my banking and how do I go about opening the account?
The money is comming from out of the country, it will never be in the US, so I would think I could deposit it in an offshore account and legally avoid taxes.
I have recieved a large inheritance and it will be deposited to a bank of my choice and I thought to avoid paying taxes I would put it in a LEGAL offshore account. What I don’t understand is how will I do my banking and how do I go about opening the account?
The money is comming from out of the country, it will never be in the US, so I would think I could deposit it in an offshore account and legally avoid taxes.
Filed under: Personal Finance
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Call this number 1-800-theIRS1040. They’ll help you with your deposit
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There is an easier way, talk to a finance lawyer, for the couple of hours you will pay for it will be worth it. It has something to do with investing the money right away, but i don’t remember what it was for.
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the safest way is to go to the country that you want to make the deposit to. make sure you have a letter of introduction from your banker, a letter of introduction from your licensed attorney and your passport.
there are several jurisdictions to choose from but my advice is to choose a place where visiting your inheritance is a good thing.
once there you will introduce yourself to a banker with the intent of opening up some sort of secured account. then wait for the funds to arrive.
you may also want to consider the offshore position of native American banking. but that would be another topic
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You might consider investing in municipal bonds which are exempt from federal taxes.
Go to Expedia and book a ticket to the country where you want to open your bank account and go to the bank and open the account.
They will open your bank account in 15 minutes or less.
I can help you with all your international financial needs.
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Deposit the money into my bank account and then I’ll tell you the next steps.