Quote:
Originally Posted by Joeaksa
If I could block you from posting on any of my threads, would gladly do it. You may be a professor but frankly do not care what you think.
I have had several vehicles owned by a private trust for years, and a good friend of mine has been doing it for 15 years. The rich do it, so why cant we?
I have a state issued registration number for the trust. Every time I go to the DMV just give them the number and they ask what I would like to do today. Its a bit late for them to catch me as they know where both the trust and I can be found. Its legal, safe and going to continue using it.
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Listen up, chucklehead - you post on a public forum, you take the replies you get - you can always set your filter to Ignore.
Your post will be read by lots of others, not just you, so assume I am posting to prevent somebody else from getting hammered if they try to use a trust to evade any state (or federal, county, etc.) law.
It is legal to set up a trust and to have it own a vehicle. it is not legal to use it to evade taxes, registration fees, or pollution testing.
People that try that can experience "unpleasant side effects."
If you are rich, you pay a lawyer to do it right and to make sure you get the advantage of the "legal loopholes" without doing anything illegal with it.