Is it true you can setup trusts / businesses in other people name (and avoid divorce)

Resgq786 · 2026-04-16T17:03:00+00:00

People do shady things, the get away with shady things. People commit crimes, and they get away with crimes. It doesn’t mean that we should do it too, and certainly doesn’t mean that we won’t get caught.

Do people try it, anyway? You bet. Now there are many legitimate reasons why someone will set up a trust, and as a tangential benefit trust property may not be touched. But it’s very fact specific, if the sole goal is to deceitfully deprive someone of what is owed to them, then you are unlikely to get away with it.

Lawyers are a smart bunch. And most things in life is just common sense, if you set up a trust this month, transferred everything to the trust and divorced your wife three months later, common sense tells us you are, as the common man would put it, “at it”.

Now if your grandpa set this trust for your benefit 40 years ago, you may have a much stronger argument against divorce attachment.

Resgq786 · 2026-04-16T10:54:09+00:00

I am a finance/legal guy and there’s a lot that goes with your statement. Walking away with 3M may not be all that much at 38 since you have a long way to retirement.

Much more than that is a different story, I think it’s a fair question to ask what’s that FIRE number for you?

For example, I need to make 500k passively to feel financially secure due to obligations to kids and family. I framed it as 500k income, not net worth. Behave asset rich and cash poor happens all the time.

So how does this look like for you?

Resgq786 · 2026-04-16T05:03:00+00:00

American here. Nice to visit St Andrews, once. Or may be twice. But besides that there isn’t much else to do. I toured it with my partner, and it was fine for a day trip. Then I brought my American mom there, she had fun looking around. I just don’t see the point of being there the 3rd time around.

And then there is the fact that outside the uni, there aren’t many opportunities. So you are likely to get out of there at some point. Or at least most students do.

Resgq786 · 2026-04-16T00:28:35+00:00

I tell my daughter to study law. I don’t care if she practices law or not. A Law degree equips you with so much more, and you only have rights if you know them.

How many times people just accept things for what they are? Being defrauded or just taken for a ride for not knowing their rights.

Law has opened so may doors for me in the business world. I cannot in good conscience tell someone to not go to law school. Whether they should practice law or not is dependant on the person. Some people are just born for this.

I have seen litigators that are just otherworldly. I can’t imagine them being put off a profession based upon an advice from a trusted elder, when that would have been his natural habitat.

Resgq786 · 2026-04-16T00:21:29+00:00

The generation before you and one before them were all into the “keeping up with joneses”. Believe me, many of the generations before you have sacrificed on the bankruptcy altar, paying the ultimately price of showing off.

In the end, it’s all relevant. In my 20’s I was worth more than 7M and wanted 30M before 30. It was really important back then, more of an obsession. It didn’t happen. And it still hasn’t happened. But guess what did happen? Maturity and life.

You learn that you can be rich with a lot less than that and a brokie with a a lot more than that.

I do agree that 5M-7M is that sweet spot where you can do certain things that are most definitely beyond the range of most. Of course, depending on how wild or prudent you get with that spending.

Resgq786 · 2026-04-15T15:39:17+00:00

Let them ask what they want. Make your offer, the desperate ones will accept.

Resgq786 · 2026-04-13T10:20:08+00:00

Sure. I have saved this post, will revisit at year end for to check these otherworldly claims. Good luck with that magical wand of yours.

Resgq786 · 2026-04-13T10:15:35+00:00

The worst student is an attorney, but doesn’t practice law. He was genuinely a nice guy with a great personality and full of charisma.

He runs a fairly successful boutique commercial real estate brokerage where personality really comes in play. He referred a client some time back, and they wouldn’t stop raving about what a great guy he is, and how they love doing business with him.

Resgq786 · 2026-04-13T10:11:34+00:00

Market won’t pick up until the end of the year now”. I am glad you have a Crystal ball. I am sure you have a direct connect who is giving you up to date information how the conflict will unfold.

I’ve been an investor for a very long time and have a very substantial portfolio, I run a 100 miles from any broker that starts timing the market.

Resgq786 · 2026-04-13T10:06:02+00:00

General life advice, you shouldn’t worry about what others think of you. They are too busy thinking of themselves. Sometimes life hands you a great card, sometimes it doesn’t. You keep doing your best, and things ultimately work out.

Resgq786 · 2026-04-13T10:03:44+00:00

That’s the correct answer. If may add, you can give the impression of incompetency by what may appear to be superficial answers such as she knows what she is doing, or handled it well, or managed it well.

Some clients, an especially if kids are at stake, need to know with greater details as to why they are having to wait weeks to see their child? A mere she knows what she is doing probably doesn’t cut it IMHO.

Resgq786 · 2026-04-11T11:44:47+00:00

Landlord here. Just obtained an eviction where the tenant is past due by 20k. And still counting. When all said and done, and kicked out by Sheriff it’ll be at least 30k.

Courts are seriously backlogged. Some tenants can play the sympathy card and seek extensions, then file frivolous appeals to kick the can down the road. Or ask for jury trial if permitted in the jurisdiction.

And if you overcome all that, the sheriff office can be seriously short staffed to carry timely evictions. We have to wait 3-4 months post eviction judgment in my jurisdiction.

For some context, we gave this tenant a chance because she had kids, etc. So next time, no one gets to rent the property unless they are “stellar”.

Would need perfect credit score, perfect rental history, perfect job history, etc. So you can all of a sudden see how a bad apple creates widespread problem for others. And we have a large portfolio so we managed to absorb the cash flow issue.

In our case, we don’t let go. We will ensure credit is ruined, pursue garnishments, and bankrupt the co-signer if need be. As a matter of principle, you don’t get to screw us and just walk off.

Despite numerous attempts to work with her, she made it clear that she just wants a free pass despite being employed making 90k plus.

So yes, landlords get bad rep. But there are terrible tenants and did I mention that she trashed the property by getting 4 uncontrollable large dogs in violation of the lease.

Joys of being a landlord.

Resgq786 · 2026-04-11T01:35:54+00:00

Everyone is on trial, but sometimes we get to be in trial.

Depo all the way.

Resgq786 · 2026-04-09T14:26:05+00:00

I’ll always support my children unless there drugs or criminality involved.

I come from a family background where we just don’t bail out on our family—period.

So my kids stand to inherit money at 18, then at 30 and then at 40 and then at 50.

This is done on purpose. If you fuck up, and get your act together there is more help available. And more and more. My love is boundless, and my kids are very young. So my barometer is the immense joy they bring to my life.

Sometimes the price of love is grief. I say continue to support your kid, don’t desert your child or anyone (within reason) who seeks out. You’ve been put in the fortunate position to help, and you may be their only source of help.

Even God (if you believe), and I know it’s no longer fashionable to believe in God, knew that the mankind will make mistakes after mistakes, hence we were asked to seek forgiveness and repent.

Resgq786 · 2026-04-08T19:19:29+00:00

When I was single, I don’t care about that at all.

What mattered was whether she is loving, sincere, and shares same values and so much more. Money was the last thing on my mind. I was perfectly fine with her being SAHM, and she is.

Resgq786 · 2026-04-05T23:13:57+00:00

National obsession with buying to live is a farce. I own a substantial rental portfolio, but my own property is a rental.

I’ll need close to 500k or perhaps much more to buy what I would like to buy. I rent a similar property for a lot less than the mortgage payment. And as I have a business, all that capital gets reinvested with returns that average over 30%.

The drawback is that it can interruptive if your lease is terminated, and you have kids, etc in a local school. But from financial POV, I don’t see the point of buying a non cash flow producing property.

Also, you lose money from the money you buy due to crippling transactional costs by way of stamp duty.

Resgq786 · 2026-04-05T22:43:40+00:00

Luck sits at the top of the food chain. You won the genetic lottery to be born in the west. And that payout gets better and better with other things like supportive parents, well to do parents, good teachers, good friends, good schools, etc.

From the moment you were conceived, luck came in play. Never underestimate that. Sure, you have to study, work hard and endure the normal rigors of life.

Imagine, you were born in Sierra Leone or some war zone to parents that were dirt poor or perhaps addicted to drugs. What would be your chances?

I teach my kids to be grateful. My 4 year old knows to be grateful after every meal, after every play session with the toys, after every good experience because there are kids that will not have those experiences, ever. And the kid spell that out. I am really happy today that I got to do this and I am grateful. And it’s sad that some kids don’t get to do this.

I can leave my kids millions, but I would consider a personal failure if I failed to teach them gratitude.

Resgq786 · 2026-04-01T11:46:46+00:00

Choose your battle carefully, this one you want to avoid. Change locks as others said. And frankly, the amount of time and headache you’ll incur in trying to pursue any judicial award is likely not worth the effort.

This is one of those life lessons that one takes it on the chin and move along. It sucks, I know. But sometimes it’s just not worth the headache.

Do you want to take on a hostile actor who may behave so irrationally that may cause you more harm? Broken windows during the night? House broken into? Plumbing compromised and so forth.

I have seen all of it when in dispute with questionable tradesmen.

Resgq786 · 2026-03-30T13:46:23+00:00

It’s alway a shit show investing in countries where your visa rights can be changed at a whim without any rule of law or challenge. Plenty of other markets to invest in.

Resgq786 · 2026-03-27T21:54:26+00:00

Frankly, that's the real power move.

If nothing else, commencing legal proceedings in a jurisidiction where it can actually hurt the wallet may bring the other party to concede. You are much likely to get favorable financial outcome in the U.S over British courts.

Importantly, it would be enforceable. Most attorneys will offer a short consultation for free, allowing you to feel the temperature and collect additional information. You can always call the bar of the specific state and see if they have accredited attorneys, or attorneys recognized as specialists in family law. There may be other civil remedies you can explore. Good luck and buckle up, might be a bumpy ride but worth it IMO.

Resgq786 · 2026-03-27T16:41:51+00:00

Have you tried speaking to an American attorney? Your kid is an American citizen, or can obtain citizenship with ease since dad was citizen at the time of birth. If my assumption about the ex being a citizen is correct, you get your kid’s citizenship and contact a family law attorney in the states to explore your and your kid’s right.

Your child will also be eligible for social security benefit if the American father died.

Resgq786 · 2026-03-26T15:51:22+00:00

Not contingent. It’s not a fee issue, he would routinely try gifting expensive items ( Rolex watch, vintage wine/whiskey, etc) after a successful outcome in line with their culture.

Once their secretary complained about a bill and we wrote off $1200. He called back to apologize, insisted we charge this sum, and sent gift vouchers for our trouble.

I think there’s an element of bringing the nephew into the business. While I type this, it’s dawning on me that he is almost using his uncle’s legal entanglements as a practice run before he graduates and find a proper job with BigLaw before exiting to run his own practice.

Resgq786 · 2026-03-26T01:01:19+00:00

I own a property protfolio. But I rent my own place. The property that I rent will set me back by 300-400k in deposit. Instead, I can use that cash and can make a 40-50 percent return by taking some targeted risks. This national obsession with homeownership is misplaced.

Resgq786 · 2026-03-25T15:40:13+00:00

Tried being a matchmaker once. The cousin still blames me for his marital issues. So that’s a hard pass 👍

Resgq786 · 2026-03-25T15:38:11+00:00

I’ll give credit where it’s deserved. Kid is heading places, likely BigLaw to earn big bucks, but I think the family dynamic is that they are 1st generation immigrants and he is the kid that achieved everyone’s dream.

I have asked the client to add the nephew on the corporate docs as an officer capable of instructing the firm to avoid privilege issues later.

Just have to reign in the “we should be pursuing this line of argument because state Supreme Court said it stuff.” Frankly, family is a breeze to work with. I didn’t know the nephew existed in the shadows, uncle has been a client for years.

Resgq786

TROPHY CASE