Hide assets before marriage?

[Alonzo]

This scenario might happen if she outsmarts him lol
Great point. I just looked at her︆ age and at 55 there is a 90% chance she reached menopause.

I’m still in︇ disbelief that one day he woke up and said "I’ll propose and marry my future︈ bimbo wife" or looked at her and said in his mind "I can’t wait to︉ marry this woman omg". I’m pretty sure she’ll use that wealth to fix her appearance︊ once again… and more

 

[diro]

Funny you ask, a friend of mine (you know, totally hypothetical) was thinking⁠ along the same lines right before his third engagement, that's 8 years ago.

He set⁤ up an offshore company in Belize, put all his assets under it, and made his⁣ cousin’s yoga instructor the nominee director. The guy barely speaks English, which somehow made it⁢ more believable.

As for the bank account, he opened one in the name of the︀ company, not himself, and only accessed it through a VPN from a laptop that never︁ enters the country. Is it bulletproof? Probably not. But according to him, "it’s not hiding,︂ it’s pre divorce tax planning."

Not that I’d recommend it... unless you’re also dating someone︃ with a suspicious interest in prenups.

 

[SilverNeo]

Its not about hiding assets if︂ you set up a trust properly with an company you don't care do they find︃ out they still can't get them

 

[SilverNeo]

All good, but this is if you don't plan properly, keep your assets⁢ where the trust is or offshore, for example, if you live in France but your︀ assets are in Denmark and your trust is in Belize, Danish courts will rule that︁ there is no jurisdiction and this needs to be litigated where the trust is established.︂

This applies to both common law and Civil law countries, assuming you are not a︃ resident of those countries.

Or even the better option, imagine if your money assets etc...︄ are in Belize, good luck getting it.

Furthermore to make it safer you have a︅ company that owns the assets and the company is then owned by the trust.

So it's all in how smart you are and how you set it up.

Goes without︆ saying that you don't do this to protect 100k, you do this to protect at︇ least 1M +

And one more thing to add, the case would be a slam︈ dunk (without a trust), where ohh great, I cheated, now I get 50% and with︉ a trust would require a lot more effort to get at, so it's a lot︊ better than nothing, and it's not expensive.

 

[EliasIT]

If you're using Denmark as an example, I have to point out⁣ that even if you set up a completely legal structure with a legitimate business, the⁢ tax authorities will still try to paint you as some kind of major criminal and︀ accuse you of everything they've seen in the latest Netflix crime shows. So don’t think︁ for a second you can do anything other than work for the state, you hand︂ over 95% of what you earn, and that's the end of it.

On the other︃ hand, you can set up a prenuptial agreement before getting married, and Denmark is actually︄ one of the few countries that truly respects and enforces it. So there’s no need︅ for complicated offshore setups, trusts, or foundations. A simple contract, and the problem is solved.︆

That means you can basically choose whether you want to hand over everything you own︇ to your future wife, or to the Danish tax authorities.

Either way, the result is︈ a zero sum game. So you might as well hope for daily, high quality sex︉ in return.

 

[SilverNeo]

Haha i was using Denmark randomly but the point is it︅ depends do you live there it also depends where your assets are if they are︆ in Belize or wherever good luck with that.

How many cases where an LLC/IBC in︇ a trust was breached in divorce or any other way.

 

[CoinMaster]

true, but if you have something that is protected people automatically get curios‍ and interested in wanting it.

 

[SilverNeo]

Ok that's fine nothing wrong with people‍ wanting to protect themselves 🙂

 

[alley]

if you live in Denmark and⁠ have a Belize company you won't be a free man in Denmark very long.

 

[SilverNeo]

Why is it illegal to‍ have anything offshore?

And what if everything is above board like what are they going⁠ to charge you with?

 

[alley]

When I say a free man, I mean it in the general sense, in Denmark,‌ you end up as a slave to the state, one of the state's sheep. If‍ you start getting involved with offshore companies, just take a look at the many threads⁠ by @EliasIT and see how the tax authorities have absolutely wrecked him. It's simply a⁤ no go here.

Fortunately, there aren’t that many people from Denmark here, so we can⁣ now shift our focus to other countries that are likely more interesting to the broader⁢ OCT audience, such as Sweden, the UK, Spain, and Italy.

 

[uplana]

In many EU countries, having a prenuptial agreement is enough to protect your assets before‌ getting married. In places where that isn’t an option, I fully understand why people turn‍ to trusts, foundations, and more sophisticated company structures.

 

[SilverNeo]

The issue⁠ is prenups can be thrown out, trusts can't, and by can't I mean a judge⁤ can say ohh it does not matter, we wont honor the trust, but that does⁣ not work if all your assets are offshore. They have no jurisdiction, and they are⁢ more than welcome to sue in Nevis. Good luck with that.

 

[uplana]

don't know if they can't do that if the amount is high enough. Todays world‍ is different compared to 10 years ago.

 

[SilverNeo]

They can but‍ they need proof beyond a reasonable doubt (They have to prove with 99% certainty that⁠ you established the trust to specifically defraud them) also if the trust was established before⁤ the marriage or two years passed since you transfered the assets they will not hear⁣ the case.

As i said good luck with that.

There is a reason why people⁢ do this setups if they were not effective no one will do them.

My setup︀ costs me 8000 a year

 

[Alonzo]

If prenup is‍ deemed "unfair" they can throw it out

 

[uplana]

Well, I just‌ hope it works out for you in some other way, and that your fortune is‍ big enough to justify spending that kind of money just to hide things from your⁠ wife.

 

[SilverNeo]

Its not just the wife protects⁠ you from everyone else too.

Well worth the money and yes 8000 but here are⁤ the costs for the company registered agent and office, bank costs + trust cost

But i sleep as a baby ohh she cheats or anything serious like that she gets⁣ zero there is a reason why divorce rates are 50% because one party gets cash⁢ and prizes if they break the contract.

Looking from a logical standpoint you need to︀ be idiot to sign a contract like that without protection.

 

[Alonzo]

Why even marrying in the first place @SilverNeo…

 

[SilverNeo]

Because i love her and want to have kids and leave a legacy and just so‌ we are clear the wife is a wonderful person the issue is things can change‍ over time and by nature I'm careful here is my moto in life for everything.⁠

Hope for the best prepare for the worst.

Peace of mind is precious.

I don't⁤ want to live with an invisible gun to the head....

A friend of mine got⁣ sick at work goes home finds his wife in the act with another guy in⁢ their bed. (And i thought his wife was a wonderful person too)

She got

1. 50% of everything house his pension cash etc... (She was stay at home and did︀ not work)
2. She to live in the house till the smallest child is 18.︁
3. Child support
4. Alimony
5. He to pay half of the mortgage of the︂ house as the house is half his and still on a mortgage even if he︃ can't live there.

On top of all of that now he has

1. Rent cost︄ as he needed to find a place to live.
2. Bills
3. Car

Ohh and︅ when he showed the court she cheated basically what the judge said that's her personal︆ decision and we can't interfere with her life we are doing what is "Fair" and︇ in the best interest of the children

So now my friend is a modern slave︈ that needs no guards and unless he starts his own business or something they can︉ block his accounts at any time as he bearly makes his payments. (If he misses︊ a payment)

Now compare that to 8000 a year seems like a very good deal︋ to me.