Billionaire divorce uncovers secretive world of trusts in South Dakota

Kiyoshi-Dono

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Petty Vandross.. fukk Yall
“When asked what she will do if she gets only enough to pay her legal bills, she said “I don’t know. I don’t really have a plan.”

Never be a kept woman brehettes
Life always comes at you fast
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I work in finance and around high net worth individuals so I already know the game. :yeshrug:


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.

It's the only way to stay safe.:whew:

So how do the different kinds of trusts work....revocable, irrevocable, blind etc?

Which ones work best under in your opinion?

Always felt like that was something a lot of pro athletes should use but never do from the looks of it. Most of them get married after they made big money yet ALWAYS get fleeced.
 

Jblaze204

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


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.

It's the only way to stay safe.:whew:

What's the difference between the trust you set up vs a LLC? I've read that people buy homes under both what are the differences?
 

CopiousX

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:mjlol:Thats baller as fukk. I'd prop that nikka up on a throne in my lving room, and when a guest ask what the fukk is that? I'd be like "that's just my mummy"
:dame:.





Dunno about keeping another man in my house on layaway. Even if he dead.





I'd buy the mummy just to liberate the breh, on some Harriet Tubman/ Moses sht. Let my people go, and put that nikka back in the ground:blessed:
 

LastManStanding

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Ya?

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“When asked what she will do if she gets only enough to pay her legal bills, she said “I don’t know. I don’t really have a plan.”

Never be a kept woman brehettes
Life always comes at you fast
giphy.gif

preach. I don’t why any woman in modern times would not make her own money. :mjlol:
 
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