How to protect your assets 101

[ForeverDoneParticipant 2928]

Okay people, I am not a lawyer, however, I will advise what I did under advice of counsel from a divorce lawyer and estate/elder law lawyer prior to my marriage. This is to hopefully help others from avoiding a financial pitfall incase you do divorce.

When my ex-wife was hinting and pushing hard for marriage, I finally relented and said fine. I got her a ring off ebay, and gave it to her. I recall when I did, she was coming out of the shower and I said her you go. We’re now engaged. Congrats. LOL. I discussed a pre-nup, but she went nuts and refused to sign one. She said, if we were to divorce, I will get something.. It’s fair. That was my first mistake. However, I had rose-colored glasses on and continued with the engagement. I met with a legal team in NY and we circumvented her pre-nup refusal. Again, always prepare for the worst and have a backup plan. I was at least smart enough to do that. I moved all assets, business interests, house, brokerage accounts, retirement accounts, inheritance, etc. into an irrevocable trust a year prior to marriage. I made my nephews the beneficiaries as well. I worked for my company as an “employee” and no longer the “owner”. Therefore, the business was unable to become a marital asset. In addition, in New York, an irrevocable trust can be broken by the grantor (me) with the approval for any reason of the trustees. Anyway, the marriage went south in about 2 years, and I initiated my divorce filing. Her POS lawyer attempted to go after the assets, but disclosed the irrevocable trust, which she of course claimed she knew nothing about, and her claim to my assets was quickly put to rest.

All in all, I was only responsible for my own legal fees (20k) and keeping her on my medical insurance til the end of the year (5k). She became greedy, and wanted to extend the medical insurance (cause her employer’s sucks) through all of 2017, but I refused on that and she backed down very fast. She also took some furniture, all wedding gifts and some wedding cash. Approx. an additional 5k. 4 year marriage which cost around 20k for the ceremony (she paid about half), cost 30k to dissolve. However, it could had been much much worse.

If you are going to stupidly go down this path, at least PROTECT YOUR ASSETS. I cannot stress this enough. If I had to start over financially @ 40, I’d be in pretty bad shape. She, at 43 had too, and it’s bitter sweet in a way. She expected to get cash & prizes and was denied by both attorneys (her attorney would not pursue after disclosing the trust docs). Also, this will protect yourself if you chose to co-habitate with a female cum dumpster as well as protect your assets from excessive child support (those assets, not your income. check with a lawyer in your jurisdiction).

Just some general advice from my own experience, not at all to be considered legal advice. I swear, it’s like prepping for war…

[bladeParticipant]

Have no woman then there is no one to take from you .

Have nothing and have truth . Have nothing then there is nothing to take . How do you defeat nothing . I have nothing , i have nothing and i know my friends and know my enemies

THE PLANTATION HAS NOW TURNED INTO THE KILLING FIELDS . WOMAN ARE NOW ROLLING CAMBODIAN STYLE .

[Anonymous 6]

Just don’t give a woman access, simple as that. No moving in, no communal property, no purchasing them things, no kids, no treating there kids, no single moms, hell don’t even let them drive your car. REMEMBER THAT THEY ARE EQUAL TO YOU AND CAN DO EVERYTHING THAT YOU CAN DO, THAT MEANS THEY PAY FOR THEIR OWN S~~~ EVERY SINGLE TIME. NO EXCEPTIONS, NO EXCUSES, AND NO F~~~S GIVEN.

[ForeverDoneParticipant 2928]

blade wrote:

Have no woman then there is no one to take from you .

Have nothing and have truth . Have nothing then there is nothing to take . How do you defeat nothing . I have nothing , i have nothing and i know my friends and know my enemies

Very true. However, most men, are wearing rose colored glasses. Hopefully, we can get the word out to where we really have mass attraction. Until then, it never hurts to attempt to help people who are insisting to run into a wall with some protection.

[ForeverDoneParticipant 2928]

Anonymous wrote:

Just don’t give a woman access, simple as that. No moving in, no communal property, no purchasing them things, no kids, no treating there kids, no single moms, hell don’t even let them drive your car. REMEMBER THAT THEY ARE EQUAL AND CAN DO EVERYTHING THAT YOU CAN DO, THAT MEANS THEY PAY FOR THEIR OWN S~~~ EVERY SINGLE TIME. NO EXCEPTIONS, NO EXCUSES, AND NO F~~~S GIVEN.

Agreed. Just info on how to protect one’s self if they are foolish and do not listen to men who’ve already gone down this path prior to them.

[The_YoungParticipant 1073]

Hahahaha this is f~~~ing amazing

Brother, we need to stick together.

[CarnageParticipant 22113]

Nice…
Do you know how to protect yourself from government?

To those following me, be careful, I just farted. Men those beans are killers.

[Anonymous 6]

Smart s~~~. From what i’ve read and researched, it is better to do a bunch of s~~~ before the marriage to protect assets. During the marriage, it will be too late.

[TrapperParticipant 2912]

Good post! Trusts can protect your assets from more than marriage as well. I’ve been told it can get around death taxes if you die. The next in line on the trust takes over. Not 100% sure on that, but I plan on looking into it.

[ForeverDoneParticipant 2928]

Carnage wrote:

Nice…
Do you know how to protect yourself from government?

Go off the grid, but that has it’s disadvantages too.

Anonymous wrote:

Smart s~~~. From what i’ve read and researched, it is better to do a bunch of s~~~ before the marriage to protect assets. During the marriage, it will be too late.

Yes, it would have to be done prior to marriage in order to work. Once implemented, nearly impossible to break as they cannot take an assets which is not owned by you. If it’s done during or too close to marriage, it’s called fraudulent covalence, and a Judge could throw it out.

Trapper wrote:

Good post! Trusts can protect your assets from more than marriage as well. I’ve been told it can get around death taxes if you die. The next in line on the trust takes over. Not 100% sure on that, but I plan on looking into it.

Yes, it is one way to advert taxes and probate. Eventually though, we all have to pay the piper.

[Author]

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