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