TWELVE STEPS TO FINANCIAL PRIVACY – By Matt Mullhofer
- Never release your social security number. Only release your social security number when it is absolutely necessary says Matt Mullhofer.
- Use a corporation or another entity for major transactions.
- Avoid writing checks because they leave an extensive paper trail.
- According to Matt Mullhofer when investing offshore, ensure that you are in compliance with all laws and reporting requirements.
- Only disclose what is necessary to financial institutions.
- Maximize the bearer transactions that are not reported under your name.
- Use financial professionals that will keep your financial information confidential. Attorneys are bound to keep all of your information confidential.
- Always have your accountant work through your lawyer to insure confidentiality told Matt Mullhofer.
- Use a post office box or drop box for mail correspondence.
- Avoid using safety deposit boxes, use private vaults instead.
- Prepare a living trust to bequeath your property. This will avoid the high cost associated with probate as well as any loss of privacy.
- Arrange your investments so that you can provide the least possible amount of financial information.
About Matt Mullhofer
Matt Mullhofer has been practicing law since 1999, and has owned and operated the Law Office of Matt Mullhofer, PC since 2000. The goal of Matt Mullhofer is to provide professional legal services to the clients of ProtectMyAssets.
Great tips Matt. In this world privacy is nearly gone but if we fight we can keep some of it.
Thank you for the excellent financial blog entry. It has given me much to think about. I will have to bookmark this page to return again. Thanks once again!