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BonesOfTheMoon@lemmy.world

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The bank wants to be entertained by the sovcit's delulu questions. (lemmy.world)

submitted 2 weeks ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world

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[–] viking@infosec.pub 24 points 2 weeks ago (9 children)

Maybe it's just regular trusts? Those things do exist, for asset management of wealthy families and such.

[–] jaybone@lemmy.zip 16 points 2 weeks ago (5 children)

Though I’m guessing that is not whatever this sovcit was reading about on his Facebook groups. So now some poor bank employee is going to have to try to explain how they actually work.

[–] theneverfox@pawb.social 6 points 2 weeks ago (1 children)

Trusts are basically sovcit shit but real though

It's literally "you have to tell the government about your money so they can tax it, unless... you go to Nebraska, file some paperwork, declare yourself trust executor, and then you talk about your money like it's a person with free will that just so happens wants to pay your rent and buy you a jet ski. Then the government isn't allowed to ask about it, ever"

[–] jaybone@lemmy.zip 2 points 2 weeks ago (1 children)

You don’t have to go to Nebraska lol.

[–] theneverfox@pawb.social 1 points 2 weeks ago (1 children)

No, seriously

Which state is best?

That really depends on which benefits are most important to you. But, generally, the consensus among advisers and estate attorneys is that the trust laws of South Dakota and Nevada offer the best combination of tax benefits, asset protection, trust longevity and flexible decanting provisions.

Source

[–] bizzle@lemmy.world 2 points 2 weeks ago (1 children)

Nebraska's biggest claim-to-fame is being neither South Dakota nor Nevada

[–] theneverfox@pawb.social 0 points 2 weeks ago

Are you sure? They all look the same in my head

Honestly, I was going to say North Dakota, but I wasn't totally sure which Dakota it was, so I picked Nebraska

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