MOFFATT'S MAY 2017 "TAX TIP"

Did you know that if you owe back taxes to the Federal or State government, your Safe Deposit Box can be seized, regardless of the amount you? Seizing Safe Deposit Boxes, which are often containing family heirlooms, is no different than Asset Forfeiture. A way around this type of Asset Forfeiture, while preserving assets, is to use Financial products, as well as save precious wealth in precious metals. With regard to precious metals, the number of private non-bank wealth-storage facilities is on the increase worldwide, in reaction to the increasing demand for alternatives to bank storage.  Any top-rated facility, with a Class III vault can potentially fill the bill, but again, the key is to select one that’s located in a jurisdiction where there’s a history of stable, non-intrusive government, where no confiscatory laws exist, and where there’s no taxation or regulation of any kind on either the purchase, ownership, transportation, or storage of precio...