Claudius Moran's Page

"Lee makes some important points. My Panamanian atty. didn't know the important effects of US tax law (I am assuming you are a US citizen or green card holder. If this property is your primary residence, you could lose the homeowners capital…"

"I do agree.  Every case could or would be different.  So investigate, read, look for recomendations and use common sense.  If something does not smell good to you.... then dont do it. "

"There is a previous thread about lawyers.   So that is a good advice to NEVER rely a 100% of what is being presented by a lawyer.    I am a panamanian citizen and I will never put anything to the name of a lawyer or other person…"

"Let me try to say this more clearly. Each case is different. There are times you might want a foundation as owner, other times a corporation, still others person ownership. Transferability is easiest with a corporation but there are other potential…"

"Thanks, everyone.  I guess the question now is: does anyone know an honest, reliable lawyer in this area?"

"We looked into buying property last August.  Our attorney said to form a corporation.  He would be the president and we would own all the stock.  He said it was best for transferring property - either sale or at death.  Unlike…"

"ignore"

"You can have a corporation which has only you and those you choose as officers... you do NOT have to have a lawyer as one of the officers. Please, as Lee said, talk to a reliable, honest lawyer."

"also if you consider this route and allow your attorney to be the President of your corporation - all of the stock is put in your name and therefore, theoretically, the attorney is an employee and cannot sell the corporation because the stock is in…"

"...just my thoughts, but I'd much rather have MY name as officers of the corporation than  my attorney, his wife and his cousin. Ya know:  "Just to keep your property holding annonymous, I can put it all in my…"

"Please talk to a lawyer, there are many factors to consider including taxes and transferability. "

"What sort of food do they have?"

"She is across the street from Romeros in the mayors office.  No appointment necessary, and it was $5 a document if I remember correctly."

"They get you coming and going . . .  "

"It was done by an American, and it will have NOTHING to do with Panama.  It is strictly about my American assets and transferring them to my kids upon my death.  I just wanted to know if I needed to travel back to the States to get it…"