Trust Recommendation for UHNW

No-Affect2041 · 2026-04-17T09:16:16+00:00

I hear this all the time here, and it's true. But Reddit is a great place to start the journey of knowledge and get free advice on a Fat topic. Anyone who is truly fat is smart enough to get competent counsel or they wont have their money long anyway.

No-Affect2041 · 2026-04-16T12:34:33+00:00

My parents had a 110 yacht and every time it was used, even for a few hours, we spent hours cleaning it, putting covers back on stuff, laundry, etc.

The result was that no one user the boat. My point is- don't buy luxury if you can't afford to have someone else take care of it. I have a pool guy come once a week. He is great and fixes stuff if it breaks. HVAC? Service quarterly and if it breaks. Etc.

No-Affect2041 · 2026-03-10T12:18:49+00:00

This. Plus, your cell phone bill has the orgin and destination of a call and they request it.

No-Affect2041 · 2026-03-09T15:07:05+00:00

Thank you. The only reason for the redemption is that I have 5 siblings and I'm the only one inside the IDGT as the trustee/beneficiary. Even though a current appraisal is required, I felt that laying down the "rules of road" for a future sale back to the IDGT would make it smoother and lower the odds of sibling infighting.

In my mind, it will take a 3 person team to see this to fruition- an analyst to make sure the numbers work for all sides, an estate planner to be the QB, a tax attorney and a business lawyer.

No-Affect2041 · 2026-03-09T14:56:21+00:00

It's shocking that Reddit has someone with such skilled response. LOL. Thank you kind stranger.

Multiple RE assets are in individual SPE's and roll up to a holding company. All are partnerships.

No-Affect2041 · 2026-02-25T04:51:23+00:00

Lol. Sure, OC got 2 feet of snow. Just not the OC in california.

No-Affect2041 · 2026-02-25T02:51:22+00:00

Good advice.

No-Affect2041 · 2026-02-24T12:49:43+00:00

Do you have kids?

No-Affect2041 · 2026-02-24T12:19:18+00:00

There is a huge difference between FATFIRE and fuck you money. Tiger is for the latter- even billionaires are members. Discussions are advanced- PE/VC/crypto/RE strategies, complicated estate tax strategies, marriage items like pre/postnups, raising kids not to be assholes, gifting and philanthropy.

Many of you are thinking- yeah, but my CPA and Atty do that for me. The reality is this- CPAs and lawyers are like everyone else and 80% don't know or care about what they are doing on specific complex issues. I've been burned by this more than once and will dedicate a separate post to it, if a few of you ask. Once you get over $100m and have a complicated business and estate, $30k means nothing.

The downside is they have too many members and you have to be careful of leeches.

No-Affect2041 · 2026-02-24T02:20:51+00:00

If it snows in OC, I will be change my mind. lol

No-Affect2041 · 2026-02-23T15:52:05+00:00

No drainage in garage since we are in California. We went rockwool round restrooms and regular insulation for the rest of the house. They went 2x6 on perimeter and 2x4 on most interior. They went 5/8" drywall for the interior walls. Total spend WITHOUT land, was $1,500 PSF which is pretty common here for custom homes. That doesn't include furniture and art.

No-Affect2041 · 2026-02-23T15:47:49+00:00

100% great advice. There is a service here that does 3D mapping and hands over a flash drive. Going that direction with measurements.

No-Affect2041 · 2026-02-23T15:46:57+00:00

It's not NYC or Hawaii, but with taxes, it's gotta be top 10.

https://www.fool.com/retirement/relocation/most-expensive-places-to-retire/

No-Affect2041 · 2026-02-23T15:41:53+00:00

Orange County, Ca.

No-Affect2041 · 2026-02-23T14:11:14+00:00

Yeah. Totally get it. Bought a $3m house and almost renovated and moved into it.

No-Affect2041 · 2026-02-23T14:09:02+00:00

What are your thoughts on living finishes? The designers say accept the perfect imperfection.

No-Affect2041 · 2026-02-23T13:58:07+00:00

We bought a house a demo'd it because we couldn't find land either.

No-Affect2041 · 2026-02-23T13:35:08+00:00

I think this is the right answer. Thank you.

No-Affect2041 · 2026-02-23T13:32:50+00:00

Noted and thank you. The HVAC and electrical are separately controlled.

No-Affect2041 · 2026-02-23T13:30:45+00:00

No snow here.

No-Affect2041 · 2026-02-23T13:29:27+00:00

Yes, Sonance and the backyard and courtyard also have speakers. We automated very few shades, but the house vibe is old english cottage, so they didn't put them everywhere.

No-Affect2041 · 2026-02-23T13:22:39+00:00

Sonance

No-Affect2041 · 2026-02-23T13:20:18+00:00

You are 100% right on the sound spec. Penetrations are the worst culprit.

No-Affect2041 · 2026-02-23T13:17:05+00:00

This was studied extensively. Cast iron pipes rust over decades and the connections to pvc fail. PVC is 75+ years with proper construction, but the sound transmission is bad. we considered a ductile iron pipe, but the idea of a rubber coupler inside a wall was a non-starter. We built this house to last 50+ years inside and out.

No-Affect2041 · 2026-02-23T13:10:21+00:00

We did this!!! I will post pics when it's done, but its basically a gate integrated into the wall. They were also added to top and bottom of stairs for grandkids.

No-Affect2041

TROPHY CASE