These can be lawyers, accountants, with powers of attorney --or what is known in the trade as "straw men."
How do you own UK real estate anonymously the "Russian" way?
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Correct. Friendship is important in life.
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Friends? Lawyers, straw men and trustees can be the best friends that money can buy.
PS: No money, no friends.
PS: No money, no friends.
I mean, we in the West might look on that as primitive because we want all sorts of legal arrangements tying us together.
And then, you open The Telegraph geriatric money guide, and the first thing it will say is to get a Power of Attorney (potentially near limitless access to your assets) granted to a friend in case you get hit by a car or have dementia ¯\_(ツ)_/¯
And then, you open The Telegraph geriatric money guide, and the first thing it will say is to get a Power of Attorney (potentially near limitless access to your assets) granted to a friend in case you get hit by a car or have dementia ¯\_(ツ)_/¯
Give a Power of Attorney (potentially near limitless access to your assets) granted to a friend in case you get hit by a car or have dementia ...
The only problem with that is " a Power of Attorney (potentially near limitless access to your assets) granted to a friend " under the laws of most countries, is automatically revoked by death. Besides that, the "friend" can misuse or take your assets if they have an unlimited power of attorney.
It happens frequently --especially when the "friend" is also a relative. Another solution is owning things in Joint Tenancy with the right of survivorship. This avoids probate! But even there, your joint tenant can dispose of a half interest in your real estate or essentially all of your bank account while you are alive.
The only problem with that is " a Power of Attorney (potentially near limitless access to your assets) granted to a friend " under the laws of most countries, is automatically revoked by death. Besides that, the "friend" can misuse or take your assets if they have an unlimited power of attorney.
It happens frequently --especially when the "friend" is also a relative. Another solution is owning things in Joint Tenancy with the right of survivorship. This avoids probate! But even there, your joint tenant can dispose of a half interest in your real estate or essentially all of your bank account while you are alive.
Not all lawyers are money-grubbing liars who will cheat you. Just like all MDs are not going to fail to cure you to keep you as a cash cow. Even not all politicians are corrupt. It depends. A few are OK. Generally if rich and old (like me) they tend to be more objective and reliable. But not always!
Man I just came back from a lawyer and a Medical Examiner for a personal issue...
in the same day, a few hours apart:
1) the lawyer was bad-mouthing the MDs, telling me pretty much they are arrogant assholes.
2) the ME was bad-mouthing lawyers saying they just milk clients for money, picking the hardest ways to get to the point, so that the client ends up paying more.
it's just a circle jerk really, one should avoid both if possible! smi(&%
next time both will be in the same room, it will be nice to watch a battle of egos... sadly the ticket is not free, I'm the one paying for it 🙄
usually the lawyers are the ones bad-mouthing everyone else (police, judges etc), while actually they are usually much worse but know how to get away with it smi(&%
in the same day, a few hours apart:
1) the lawyer was bad-mouthing the MDs, telling me pretty much they are arrogant assholes.
2) the ME was bad-mouthing lawyers saying they just milk clients for money, picking the hardest ways to get to the point, so that the client ends up paying more.
it's just a circle jerk really, one should avoid both if possible! smi(&%
next time both will be in the same room, it will be nice to watch a battle of egos... sadly the ticket is not free, I'm the one paying for it 🙄
usually the lawyers are the ones bad-mouthing everyone else (police, judges etc), while actually they are usually much worse but know how to get away with it smi(&%
Sometimes, the friend who registers as the owner of property is the real owner -- with an alternate identity. You can always trust yourself!
"The real owner is yourself with a different name & nationality"
Let me explain it in baby talk:
Assume that your real name is Alphonse Capone. But to keep the ownership of your multi million dollar villa in Monaco a secret, you go to a country that sells passports --like say Turkeye (Used to be Turkey). You get citizenship and a new Turkish name like Osama Abu-Sayed Attaturk.
You buy the home of your dreams in Monaco under your new Turkish name. ...
Now a nosy investigative reporter from Chicago starts looking into your vast holdings of assets. He has heard a rumor that you own property & spend time in Monaco.
He looks & looks& looks-- but no one in Monaco, and no public records knows or shows anything about Al Capone. Yhus, as long as Alphonse keeps his mouth shut and is discrete, In Monaco he is only known. as a Turk named Osama, not a Chicagoan named Al Capone...
Got it?
Let me explain it in baby talk:
Assume that your real name is Alphonse Capone. But to keep the ownership of your multi million dollar villa in Monaco a secret, you go to a country that sells passports --like say Turkeye (Used to be Turkey). You get citizenship and a new Turkish name like Osama Abu-Sayed Attaturk.
You buy the home of your dreams in Monaco under your new Turkish name. ...
Now a nosy investigative reporter from Chicago starts looking into your vast holdings of assets. He has heard a rumor that you own property & spend time in Monaco.
He looks & looks& looks-- but no one in Monaco, and no public records knows or shows anything about Al Capone. Yhus, as long as Alphonse keeps his mouth shut and is discrete, In Monaco he is only known. as a Turk named Osama, not a Chicagoan named Al Capone...
Got it?
I don't think this method has legs in the future. Something more clever is needed. Focusing on UK property (the thread subject), Osama Attaturk will use his Turkish passport which the UK government will take a record of, including biometric data (facial scan of passport at the very least). If Alphonse Capone is on any UK records like a drivers licence or bank account, the two identities will immediately be linked by biometric data.
Or if Turkey is involved in some version of a CRS, Turkish records will show that Osama Attaturk was formerly Al Campone.
Or if Turkey is involved in some version of a CRS, Turkish records will show that Osama Attaturk was formerly Al Campone.
Unfortunately, what you describe is probably true. In the future, it will be easy for the authorities to compare two passports with identical data, except for the name, in just a second. It will likely take much more than that to avoid detection, but the real question is how they’re going to do it.
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