if you grow...should you put your assets in a trust?

[cateros]

Trust will do nothing for you if your found guilty, will just take them more time to seize it at first, and they will get around it.

Your best bet is to have it in cash, off site, with someone you trust or underground, don't have any assets fully paid off (even that isn't in concrete)

Actually if you put funds in a trust if you can establish that none of the assets in trust were the result of any illegal activity I dont think they could take it, and to add I think a lot of the time the people who administer a trust fund investigate where the money came from before the trust is fully activated. So if you can prove that every cent in trust was earned legally I dont see how it cann be seized

 

[cateros]

If I were growing large, I would like to have my assets in tangible/concrete things like property, material goods or gold. I don't say cash just because, independently of the issue at hand, I think that, although concrete and tangible, cash has no inherent value. As the feds keep printing and borrowing, the already inherently worthless paper will continue to lose it's value within the economy. It's an arbitrary piece of paper that represents literally nothing; I mean at least back in the day cash was merely a placeholder (aka backed up by) for something with inherent value like gold. So...tangible things with concrete value off location and under someone else's name with no evidence of your connection to the things or the person who's name it's under.

I thought all money in the world was a representation of that countries gold and other non perishable commodities that it has stored?

 

[Captain Ginyu]

If it's with a bank, done over the internet, any institution domestic or overseas; then, it is on their radar. They have the loopholes and the muscle to get it, legally or not. You can't even keep anything in the Swiss Bank anymore, (US govt has bullied them into submission for alleged Nazi gold, misc criminal cases). So therefore; precedent has been set, nothing is untouchable. Scared? You should be! So do it the only way you can...Off The Grid

 

[GMT]

There are many countries that will protect cash held from foreign governments. Panama is no longer one of them. There are advantages in panama, such as it is illegal for them to divulge the ownership of any company share holders if that company is based in panama, but as for the contents of bank accounts, or the willingness to safe guard them, panama is not a good choice. There are still countries that are very good choices though, you have to do your homework on it though. No you cant walk into a bank with a duffle bag full of cash and ask for it to be transfered to a foreign bank account, but if you follow what I said earlier then you are gold.

And no, a countries currency no longer rests upon assets held by that country, but rather the willingness of other countries to buy its currency. (Normally to pay for goods and services from that country, sometimes for investment into that country, its stock market, or pure currency speculation) but when that country is a tax haven / cash strong hold, then that also encourages the purchase of its currency, giving that country more purchasing power on the global markets (and also making its exports more expensive for other countries to buy and so harming the trade deficit).

 

[ThePizzaMan]

Yeah, I like the idea of giving the money to a trusted friend or family member. Have stuff in other people's names....safe deposit box.

I have also heard of having many accounts with brokerage houses. Buy stocks, commodities...whatever.

I think also that any account under 10 grand is safe...and you can have many, many accounts with small amounts of money..it is not illegal. People do it all the time.

Me personally...if I did have a ton of cash...I would put it under my mattress

 

[growfr]

Actually, everything you own should be in a trust.
Your properties should all be in seperate trusts with the benificiary being a personal property trust.
You don't need a lawyer to do it either. It is pretty simple and there are many online courses out there.

You do a warranty deed to trustee. Pay for the recording. Fill in the blanks for the trust agreement and you are set.
A few pointers...
Use a trustee with a different last name.
Have an alternate trustee in a different state.
Have a 2nd alternate trustee in yet another state.
That way if there is ever any litigation against you, the trustee can resign and they need to go after the next trustee in a different venue.

all bets are off if they make it a Rico case. doubtfull that would happen for growing a few plants though.

It is the best way to avoid paying real estate transfer tax, because all you need to do is an assignment of beneficial interest.

Granted, there is a lot to learn, but it is not as difficult as a lawyer would want you to believe. Otherwise probate lawyers would be out of work.

 

[growfr]

Actually, everything you own should be in a trust.
Your properties should all be in seperate trusts with the benificiary being a personal property trust.
You don't need a lawyer to do it either. It is pretty simple and there are many online courses out there.

You do a warranty deed to trustee. Pay for the recording. Fill in the blanks for the trust agreement and you are set.
A few pointers...
Use a trustee with a different last name.
Have an alternate trustee in a different state.
Have a 2nd alternate trustee in yet another state.
That way if there is ever any litigation against you, the trustee can resign and they need to go after the next trustee in a different venue.

all bets are off if they make it a Rico case. doubtfull that would happen for growing a few plants though.

It is the best way to avoid paying real estate transfer tax, because all you need to do is an assignment of beneficial interest.

Granted, there is a lot to learn, but it is not as difficult as a lawyer would want you to believe. Otherwise probate lawyers would be out of work.

 

[zenoonez]

Actually, everything you own should be in a trust.
Your properties should all be in seperate trusts with the benificiary being a personal property trust.
You don't need a lawyer to do it either. It is pretty simple and there are many online courses out there.

You do a warranty deed to trustee. Pay for the recording. Fill in the blanks for the trust agreement and you are set.
A few pointers...
Use a trustee with a different last name.
Have an alternate trustee in a different state.
Have a 2nd alternate trustee in yet another state.
That way if there is ever any litigation against you, the trustee can resign and they need to go after the next trustee in a different venue.

all bets are off if they make it a Rico case. doubtfull that would happen for growing a few plants though.

It is the best way to avoid paying real estate transfer tax, because all you need to do is an assignment of beneficial interest.

Granted, there is a lot to learn, but it is not as difficult as a lawyer would want you to believe. Otherwise probate lawyers would be out of work.

Really? Cuz you just about melted my brain... or maybe its the shit im . Seriously right now I am . So from the top... and take it slow. Lol. Interesting info man, the trustees though, man I don't know if I know anyone other than myself that I trust enough to be in control of all my assets like that. Actually seems easier to just put the money out of country in some tax haven.

 

[growfr]

The trustee does not need to know your business. They must follow what the trust tells them to do... including keep your mouth shut.
The big thing is that no one can do a public search to identify your assets. Name each trust differently, never using your name or initials.

If you ever get into hot water, you can simply back date you assignment of beneficial interest.
Not 100% legal, but how legal is it for the us govt to steal peoples assets and deny them the best legal representation they can afford?

 

[zenoonez]

The trustee does not need to know your business. They must follow what the trust tells them to do... including keep your mouth shut.
The big thing is that no one can do a public search to identify your assets. Name each trust differently, never using your name or initials.

If you ever get into hot water, you can simply back date you assignment of beneficial interest.
Not 100% legal, but how legal is it for the us govt to steal peoples assets and deny them the best legal representation they can afford?

Hmmm... interesting. You don't happen to have any reading material you could link me to for some more reading about this do ya?