Lost his houses (plural), all his guns, his range, everything.
Why don't men get married, again...? /red pill
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (51)
sorted by:
Then he's an absolute FOOL for keeping all those assets in his name.
"Oh, see those houses? They're in my name. I'm the boss. Ain't I cool?"
Jackass had all those assets but never thought to ask a lawyer how to protect them. Foolish. Look up "The Client 2177 Living Trust" and look up who owns it. Study how it's structured. Learn from the best.
Not only should you NOT keep assets in your personal name, you should file liens against your own property for 200% the value of that property. If anyone somehow does get awarded the property by a court, they'll still have to pay off the lien. That alone will make the property unappealing to anyone, even an ex-wife, even if they could steal it from you. There's nothing cool about flashing a property deed with your name on it.
Conceal assets, thwart threats and isolate risks.
I'm skeptical that a divorce court would ever let little things like laws stop them from packing the dude's shit in, but you've piqued my curiosity. I'd never marry but would it protect against say a malicious lawsuit? I'm in the market for a condo so this is quite timely.
If you don't own it, it's not yours. Nobody can come after you and demand you give them things that aren't yours. Trusts, like corporations, are independent legal entities. You may have access to those assets as a Trustee, but that's all you have. Access is not possession.
Look up "The Client 2177 Living Trust" and look up who owns it. I know you won't believe me, but a family friend did work for him. Nicole had to settle for whatever Tom was willing to share because, on paper, he's broke.
He doesn't own anything; his Trusts hold all his property, and all those properties have first priority liens payable to other Trusts meant to hold and claim those liens. Even if you somehow took his property, it's "booby trapped" to where he could still come back and demand 200% of the value. Keeping property in your name puts a HUGE target on your back.
Prof chaos is correct.
Even if you are dealing with the most malicious/evil court in the world (which you will be often in divorce court), the assets are simply not yours. So when you are asked "what assets do you own" you can simply omit naming those houses/etc and it won't be a lie.
There are other ways around it (you could for instance just lie, but detectives might find it) but this is the "legit" way to do it.
But who's managing them if you only have access
In the eyes of the law, the Trust is a legal entity, that is as eternal as the Trust desires itself to be. So, the Trust manages assets that it owns.
You
Don't remember who it was, but some athlete or celebrity put all of his assets under his mom's name, so the gold digger he was with couldn't go after his house.
That was at least two different soccer players last year. Very smart move.
Only issue is that when the mother die, you might get REKT by taxes.
Trust. make a trust if you are rich, put your assets in it. Make the trust in Monaco or some shit like that
They must be telling all the athletes this because when I heard about it it was a nba player
It started with the soccer player, then they all started doing it when it prevailed in court.
And then he recently signed a new contract making 3x more than he was before, and his gold digging whore ex-wife had the audacity to go to the media to beg him to take her back.
Not everyone is as red pilled as we are. Most aren't I think. The thought to do something like that never occurs to most people. Take the conclusion of Yellowstone, when Kevin Costner's character dies. The Ranch was in his name, and inheritance taxes forced selling it to the indian tribe, taxes that would not be due if the ranch was in a durable trust.
We didn't watch the ending of Yellowstone. We left with Kevin. Marshalls is more CBS DEI BS.
But yeah, most people have no clue about asset protection. But if you own that much stuff, it's irresponsible not to.
So don't get married in the first place.
And don't get "deemed married" either. Which can be trickier if someone is out to fuck you over. Don't need a certificate to be deemed married. Don't even need to be fucking. But ideally, it doesn't happen, right?
I'm as anti-divorce-courts as anyone in here, but this guy was an easy millionaire who needed to protect himself better. Once you reach the level of wealth he had, you need to take it upon yourself to protect it however you can. I'm happily married with a fraction of the assets this guy had, and I still have protections set up in case things go south. It's just not feasible to trust the system/women these days when catastrophic failure is one female judge's verdict away.
I firmly defend the institution of marriage and the need to find the best women out there, but that's no excuse to ignore the fact we live in a satanic hellscape. Prof Chaos here is completely correct.