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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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Estate planning
Wd, the whole point is that a properly set up trust does not "shelter" assets - it legally transfers them to other parties (trustees) out of your control. They are no longer your assets and you don't get to say how they're used or otherwise control their disposition. That's the whole point and that's why it was set up this way.
I'd knock off the feigned outrage at those who know the system and its limits and simply seek to recoup some of a lifetime's worth of extortion by the government. How about focusing on the things that matter - chronic government overspending, chronic abuse of the system by those who contribute and produce absolutely nothing... Not those simply looking to provide for their families or (god forbid!) actually decide for themselves where THEIR money will go.
If you don't like the laws, write your congressman and ask them to change them. Trusts exist for a reason, so do Medicare "look backs". So do all kinds of things. I see no harm whatsoever in playing within the rules and successfully making decisions to avoid third party confiscation of a person's lifelong earnings, nor do I see any harm with trying to starve the government beast by doing everything possible to avoid its confiscatory seizures of O.P.M. to fund its chronic mismanagement and politically-motivated corrupt appropriations decisions.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
Last edited by Porsche-O-Phile; 08-26-2014 at 02:29 PM..
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