Billionaire divorce uncovers secretive world of trusts in South Dakota

[SleezyBigSlim]

“Only dumb people pay taxes” interesting

I had this way of thinking until the IRS caught up to my ass

 

[BigMoneyGrip]

Pro athletes need to get up on game wit this

 

[Warren Moon]

 

[invalid]

So what do men do after they get married?

Be cheap. Keep your cost of living low. You don't even want to allude to the fact that you have other sources of income. If you living large but your wife is only aware of your salary questions might be raised as to how you are able to sustain a high roller lifestyle without any other assets or income but a salary.

 

[invalid]

Who is the trustee?

For our Dynasty Trust, my grandfather.
For my DAPT, my cousin who is also my godmother.

 

[invalid]

Can the government take your property thats in a trust if you don't pay the taxes on it?

Yes, the government has every power available to seize property with unpaid taxes.

 

[Thurgood Thurston III]

Be cheap. Keep your cost of living low. You don't even want to allude to the fact that you have other sources of income. If you living large but your wife is only aware of your salary questions might be raised as to how you are able to sustain a high roller lifestyle without any other assets or income but a salary.

I could be wrong, but I think he's asking what do you do if you already married the woman and didn't have the chance to set up a trust yet?

Would it be too late?

 

[L&HH]

I work in finance and around high net worth individuals so I already know the game.


The key is you have to put your assets into the trust before you enter into the marriage for this to effectively work. Let's say you're planning to buy a new house for you and your fiance once you tie the not. Try to close on that house before your marriage date and have it under the ownership of your trust not under your name.

I drew up my own trust. All my assets are owned by the trust, including my condo, my rental property, and my investment portfolios. There is nothing in my name, however, I'm the beneficiary of the trust.

Great information here and Im taking notes. However it says they had no money when they got married and I think even lost their house at one point. The company wasn't started until well after they were married. My guess is she going get something. No judge is going to have her left in the old after 30 years of marriage

 

[CreepyMcCreeperson]

They bought a $5 million Egyptian mummy.

Imagine spending 5 million on something that is sitting in a museum. They don’t even look at it everyday.

This is extremely better than a prenup. Judges have been striking prenups down like toilet paper if the wife does not like it, or claims to be taken advantage of.



Now I’m starting to see why Bezo’s wife left with so little. I could see him hitting her with one of these swaps, and offering her a (public) fight for 12mil or a (private) agreement for30bil. Normally those divisions are brutal but bezo’s wife quietly left with less than 30%.



I really do think the wife of this billionaire wouldn’t have arbitrarily filed a divorce if she new she wasn’t getting sht. In the article, they say the man was , but then when they ask about the woman’s contributions article says . she was a glorified secretary/office assistant. The creh spent years studying engineering, and sucked God knows how much white collar dikk to get into NASA(without military experience it’s normally impossible). You can quantify his contribution. And to compare, her contribution to his wealth was “smoothing relations”, basically talking. Can’t quantify that for sht.


If she truly played any significant hand in building that 2bil, then she would’ve made it her job to watch the books and take on actual duties

Although men don’t want to believe it, not all these women are pure gold diggers. A lot of those women are with the men before they make it, help them build the empire, then the man leaves her for a younger woman.

“Only dumb people pay taxes” interesting

This is why Trump won’t release his tax returns.

If you distract them with trinkets.. do you think most of those women would care about the numbers and the complex network systems that involve them? They just want their toys, bags, jewels, clothes, and to be fed. They dont care til the feds show up or in this case til another thot shows up

The woman from NJ housewives that went to prison along with her husband was filmed walking around with thousands in cash. She claims she didn’t know anything, and she never asked him where the money came from.

They did their prison sentences for not filing taxes, and fraud, etc separately, so one could be at home with the kids. After his sentence, he got deported to Italy, and they divorced.

 

[King Frost]

tax avoidance is separate from tax evasion
either way
this case is outta my tax bracket, i'ma leave it alone

bozo needs to hire that guy's lawyers

 

[Conan]

Great information here and Im taking notes. However it says they had no money when they got married and I think even lost their house at one point. The company wasn't started until well after they were married. My guess is she going get something. No judge is going to have her left in the old after 30 years of marriage

Right, and she shouldn't walk away homeless. Especially if she bore his children. But half? Bih if you don't take this generous $10M and go on...

This should be required 101 for every athlete, musician, actor, and so on.

 

[Astroslik]

“Only dumb people pay taxes” interesting

Offshore accounts in panama and Switzerland

 

[Astroslik]

Cold game.

Can one of you finance brehs provide a link that talks about the basics of setting up a trust

Lol its state by state breh

but if you don’t set one up in Alaska, Nevada, South Dakota, Delaware, or Wyoming. You LAWST!

 

[Astroslik]

Pro athletes need to get up on game wit this

You’d be surprised how many shytty advisers are behind these athletes. Straight snakes.

 

[Astroslik]

Can the government take your property thats in a trust if you don't pay the taxes on it?

Yes lol