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:
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