View Single Post
sc_rufctr sc_rufctr is online now
Almost Banned Once
 
sc_rufctr's Avatar
 
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,941
Send a message via MSN to sc_rufctr
What about setting up a "Family Trust" instead? ... I'm not even sure that you have anything like this in the US but I'm assuming you do.
Everything you own then becomes owned by the "Trust". Normally you control the "Trust" or you can nominated someone else to control it. AT ANY TIME... (Hint Hint)
There's are not exclusive to rich people. IMO If you own your house you need a "Trust. You can also secure things like furniture and cars in a "Trust".

It's becoming more and more common in Australia for people to secure their assets this way.
That way your kids will get what's coming to them regardless of what may happen in any future relationship.

BUT "Porsche-O-Phile's" Post is worth reading over and over again.
__________________
- Peter
Old 04-23-2014, 05:23 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #8 (permalink)