Hide assets before marriage?

[Martin Everson]

In what country do you need to get married⁤ to have kids and leave a legacy? None of this is any reason to get⁣ married if living in a western country.

That's exactly why you should︀ not get married in the west. Marriage is for patriarchal societies and nothing else.

Sounds about normal in a divorce.

Yes this is the one that︌ gets men all the time. Especially when she turns up in court with the sideman︍ driving the car the husband bought her.

Yup garnishing his wages is normal. Going through‍ divorce can break a man once you realize how unfair it is and how it⁠ can literally turn you into a slave (as you say) to your wife's needs even⁤ with her lover living in YOUR house while your still paying the mortgage....lol.

 

[SilverNeo]

1. Common law marriage so if live together⁠ the state will consider us married anyway so what i might as well do it⁤

2. I come from a traditional family and culture and she is from an even⁣ more traditional one so you will get you don't trust me and its shameful living⁢ together having babies without being married etc....

So what you would do in my place︀ short of leaving the country but that has its problems too.

 

[Martin Everson]

This is‍ not 100% true. The state would not consider you and your female tenant married. You⁠ would need to do a lot more than just living together to be represented as⁤ having a common law marriage i.e you would need to have joint accounts, bills in⁣ joint names, joint tax returns etc. Otherwise she is just a tenant with benefits in⁢ your home.

Fair enough.

You clearly have doubts in︃ the back of your mind over her actions should things go south. I don't think︄ your ready for marriage mentally. You see you want to go swimming in a pool︅ with a life guard there in case things go wrong. But marriage is more like︆ jumping out of plane without a parachute and hope you land on something soft but︇ 9/10 times you will end up looking like chutney on the floor of a disused︈ car park.

I think you need to be straight with your girl and have that︉ discussion about what happens if things don't work out. It's a lot better than speaking︊ to your girl through a lawyer and paying for her lawyer at same time when︋ things go south.

 

[SilverNeo]

Here they would if you live together for 4 years︇ with no shared accounts or anything like that and if you have a baby then︈ its 1 year and are considered common law married.

You are right i have doubts︉ but they are not coming from where you think as in she has not done︊ anything to warrant those doubts.

If had doubts about her i would say no to︋ anything serious trust setup or no trust setup.

She is from a traditional culture likes︌ cooking etc... And very modest i did my vetting etc...

And if i were to︍ talk to her she would something like i love you and would never hurt you︎ etc...

So she can be a saint and i would still have doubts.

They are️ coming from the horror stories i have seen from friends etc... (And i would have‌ also said their relationships were great)

So what I did was get a trust and‍ a company to protect myself just in the unlikely event something happens.

The way i⁠ see it is a win-win as in if she really is the way i think⁤ she is its all good if she is not then I'm protected as much as⁣ possible considering the setup.

This is my thinking maybe is wrong as i want to⁢ have my cake and eat it too.

 

[uplana]

That was a very broad and open ended question, and you can be sure there’s no‌ clear cut answer to it anyway.

You should consider starting a new thread for that,‍ so this one doesn’t get derailed.

 

[diro]

Would be cool if things were that simple, but I don’t think that’s‍ how the world works these days.

 

[SilverNeo]

It does assuming you do it‍ properly if it does not work no one would do these setups

No one would⁠ pay 8000 a year if they do not work.

1 I have a Nevis IBC⁤ into a trust
2. All the trust assets are offshore
3. I rent where i⁣ live and my account in the country has less than 10 k and i top⁢ it off as needed no other accounts are there.

So lets assume something happens and︀ a judge says screw you 50% you need to give or whatever sure they are︁ more than welcomed to my account with less than 10k.

For the rest they can︂ go and sue in nevis.

How if i had more assets in the country sure︃ they can just ignore the trust and nothing i can do considering those assets are︄ under jurisdiction of the local country government.

In reality she would have to beat the︅ setup locally for 10 k then beat it internationally

All of this especially the international︆ part is very expensive with no guaranteed chance of wining.

And if the judge says︇ bring the funds back i can't even if i want to considering its an irrevocable︈ trust.

Now this being said I'm a 100% safe of course not but its damn︉ near close as i could not find a single case of a trust with a︊ company being breached in divorce.

Damn i even found cases of slam dunks illegal activities︋ and fraud and the trust was still not breached as in some cases they took︌ to long to sue and in others they couldn't get to beyond a reasonable doubt︍ (99% sure)

I would not be paying 8k a year otherwise one year is not︎ a lot but over 10 years it adds up that's 80k enough for some investment️ or a house deposit etc...

 

[Martin Everson]

Hummm a trust could work if setup correctly but you need to ensure the country‌ in which you live recognizes trusts. So I would assume you live in a common‍ law country and not civil law. If the country does not recognize trusts then its⁠ pointless having one.

 

[aniglo22]

Even if the court does not have jurisdiction over the trust in Nevis, it️ still has jurisdiction over you as an individual.
If the assets in the trust are‌ deemed to be community/marital property, the court may impose sanctions or hold you in civil‍ contempt.

 

[SilverNeo]

They can't i checked because i can prove that i⁤ don't control the trust and can't transfer the funds back even if i want to.⁣

How can they hold me in contempt if i have no power to get the⁢ funds back this is the whole point of the trust.

 

[SilverNeo]

Does not matter don't care if⁤ they recognise it or no i have no assets there except for like less than⁣ 10k (and this is on purpose) what i care about is if they try to⁢ go after my assets in nevis

 

[aniglo22]

Lawrence also argued that he⁤ had no control ...
Then he went 6 years to jail for failing to repatriate⁣ the assets .

In re Lawrence, 279 F.3d 1294 (11th Cir. 2002) .
"Lawrence’s claimed defense is invalid because the asserted impossibility was self-created"

They can still exercise personal⁢ jurisdiction over you

 

[SilverNeo]

Ok you might be right but if get into a⁤ Court battle i will leave they can have my 10k not stupid to stay so⁣ i might end up in jail.

Even while the proceedings are ongoing just take a⁢ flight.

This is the reason i have this set up in this way.

Why take︀ the risk when i don't have to what they are going to do chase me︁ around the world?

I have to be there for them to put me in jail︂

And what we are talking about is the absolute worst case scenario.

Also where i︃ live they don't put people in jail for not paying support or even tax evasion︄ they will just block your accounts and if any .money comes in they will take︅ it which I'm perfectly fine with. (I will be gone by then anyway)

Its the︆ best that can be done i don't see a better way to do it if︇ you know a better way I'm all ears 🙂

 

[Revoltec]

Have you heard about the⁤ cases where the trustee runs away with the money?

 

[SilverNeo]

Yes but that is extremely rare and my argent is a‍ company that has 1000 of lawyers thought the world including the us and how knows⁠ how many trusts so the chance of them running away or something are extremely small⁤

 

[Martin Everson]

Actually its quite common. There are many cases of trustees committing fraud (just google⁤ it) and I know of a personal case of trust fraud also.

Remember Credit Suisse⁣ employed tens of thousands of people yet a client who held assets in a Credit⁢ Suisse trust in Singapore was defrauded.

Georgian billionaire wins $926 million from Credit Suisse after︀ fraud​

https://ca.finance.yahoo.com/news/credit-suisse-ordered-pay-926-072825842.html

There are no guarantees and you can end up losing more money than︁ in a divorce.

 

[SilverNeo]

Its all tradeoffs the only sure thing⁣ is that you are born and that you will die. Anything else is up for⁢ grabs.

However less worried about that compared to divorce maybe I'm wrong but this is︀ my personal opinion.

How many people in the forum use nominees what if they screw︁ you over its the same thing i stopped using the word 100% sure a long︂ time ago 🙂

 

[Martin Everson]

Well I‍ am not a marriage councilor but I know for sure that all relationships also come⁠ to an end eventually. All relationships have a beginning and an end. Some last a⁤ short time and others a long time but with 100%s certainty there is an end⁣ to the relationship at some point i.e death of a partner etc.

 

[erni]

If your partner dies, and in this case, like the thread’s about, your wife, it‌ really doesn’t matter if you’ve got a prenup or the wildest offshore setup.

She’s probably‍ not coming back from the afterlife to file a lawsuit against you.

 

[diro]

You don't want to trust other people⁣ with money.

Where I come from, we usually say “don’t leave money lying on the⁢ table” , you don’t want to tempt weak souls.