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Topic: Prenups ... old news
no photo
Wed 12/12/07 08:38 PM
I totally understand. I'm here hoping just to find a good woman to spend time with and hopefully the right one for me.

But, no matter what, I don;t have to worry about "money" and that is one hell of a good feeling and takes a LOT of weight off the shoulders.

Because no matter, if there is a marriage, or even common law, or whatever, money is NEVER an issue in any form.

And that's why I posted this thread..because "money" does play a role..it's just a fact of life. So you want to know a way to make it so it's NOT an issue?? Well here is one way to do that! bigsmile

zman000081's photo
Wed 12/12/07 08:43 PM
First way to make money not an issue is to not have a joint bank account.. That was my first lesson. Hit me Hard... Still got the knot on the back of my head to prove it.

wouldee's photo
Wed 12/12/07 08:53 PM




LLP on top of LLP on top of LLP....and so on.

5% managing Director/ 95% heirs.


asset class separation/ea.LLP


Bingo, baby!!!!!



smokin drinker bigsmile


Nah mine is a sub-S corp out of Nevada..NO STATE TAXES! bigsmile




Look into it well.

Much safer and iron clad....steeped in legal precedents going back almost 200 years.

Impregnable after fourth year anniversary.

Banks love to lend to LLPs.

They cannot be touched.

Only the declared dividend can be touched, and that can vary...heheheheheh

Plus, any award to a legal adversary pays the taxes on their award's proceeds without control of dividend disbursement.


They fume at that......look into it.


Umm dude, LLP & LLC's don't go back no 200 years!?? Even the S-Corp is only a few decades old! You might want to recheck that one. bigsmile



All of the case law that protects dissimilar asstes is as old as tthis country.

In an LLP only the target asset of a lawsuit is in jeopardy, not the other asset classed (by risk) LLPs can be touched.

If you wreck a car, onoly the cars can be touched.

If someone slips on your sidewalk, only that house can be touched.

Ad infinitum.

And Never forced into liquidation....nothing can be force saled because you only own 5%. of each.

Legally solid and tight and impregnable.

What do you think the ruling class has been doing for centuries????? This very thing.


Look into it well. No better way.


And yeah, Nevada is good, and Delaware and Florida....

no photo
Wed 12/12/07 08:56 PM





LLP on top of LLP on top of LLP....and so on.

5% managing Director/ 95% heirs.


asset class separation/ea.LLP


Bingo, baby!!!!!



smokin drinker bigsmile


Nah mine is a sub-S corp out of Nevada..NO STATE TAXES! bigsmile




Look into it well.

Much safer and iron clad....steeped in legal precedents going back almost 200 years.

Impregnable after fourth year anniversary.

Banks love to lend to LLPs.

They cannot be touched.

Only the declared dividend can be touched, and that can vary...heheheheheh

Plus, any award to a legal adversary pays the taxes on their award's proceeds without control of dividend disbursement.


They fume at that......look into it.


Umm dude, LLP & LLC's don't go back no 200 years!?? Even the S-Corp is only a few decades old! You might want to recheck that one. bigsmile



All of the case law that protects dissimilar asstes is as old as tthis country.

In an LLP only the target asset of a lawsuit is in jeopardy, not the other asset classed (by risk) LLPs can be touched.

If you wreck a car, onoly the cars can be touched.

If someone slips on your sidewalk, only that house can be touched.

Ad infinitum.

And Never forced into liquidation....nothing can be force saled because you only own 5%. of each.

Legally solid and tight and impregnable.

What do you think the ruling class has been doing for centuries????? This very thing.


Look into it well. No better way.


And yeah, Nevada is good, and Delaware and Florida....


OK, that made better sense! Now thjat we have that cleared up..I'm going to Hawaii in January!! My "friend" has this condo there and I can use it..just my luck! bigsmile laugh

texasrose9's photo
Wed 12/12/07 08:58 PM
Good grief guys. Sounds like most of you have been taken to the cleaners a time or two. I can't understand why SOME, and I mean only SOME women go for everything they can get. My mind doesn't work like that at all.
In fact, when I divorced my husband many eons ago..... I shouldered all the financial responsibilities except his car when we split up. He was a good guy, and I have no hard feelings toward him.
Just remember, there really are women out there who aren't after your money.....

wouldee's photo
Wed 12/12/07 09:02 PM
Help me find one, texasrose.

I'm looking.


smokin drinker bigsmile

zman000081's photo
Wed 12/12/07 09:03 PM
Texas I know your right but this day and age a little caution never hurt. When you have an ex clear you out of 3 quarters of a million you have to play ur cards right to get ur life back together. Its going to take me a long time to catch up to where I was to where I am now. Funny part Is I can laugh at it now but some days I sad

texasrose9's photo
Wed 12/12/07 09:08 PM
OMG man........... I know that had to hurt. But even on a smaller scale, to the average guy out there...when something like that happens they say it does take a while to pull yourself back together.
Personally, I find it distasteful to take from someone what is not yours. Fair is fair. Now I'm not saying if she contributed to your financial success, or you had things together that should have been split it shouldn't happen, but in my opinion, what a man has prior to meeting me is his no matter what. And vice-versa.

no photo
Wed 12/12/07 09:10 PM

Good grief guys. Sounds like most of you have been taken to the cleaners a time or two. I can't understand why SOME, and I mean only SOME women go for everything they can get. My mind doesn't work like that at all.
In fact, when I divorced my husband many eons ago..... I shouldered all the financial responsibilities except his car when we split up. He was a good guy, and I have no hard feelings toward him.
Just remember, there really are women out there who aren't after your money.....


Hiya texas..

First, you got a GREAT smile! never lose it! bigsmile

And I really did post this thread to give one source of "here is a way not to have to worry about "money"..period"

It's for anyone, man or woman. It just takes that "factor" out of any equation. the less you have to think about, the simpler life gets and the more time you have to work on getting the basics right! bigsmile

And I agree, there are both good men and women out there. But like in this case, I live in California and you are in Texas!! :tongue:

zman000081's photo
Wed 12/12/07 09:13 PM
Well glad to hear it. Now am I going to be a brick wall to every female I meet.. No. More than likely since im young I'll make some more mistakes however None as costly again. Cant take what I dont have.laugh

texasrose9's photo
Wed 12/12/07 09:13 PM
You sure are cute in that Santa hat, Sumthing............

no photo
Wed 12/12/07 09:15 PM

You sure are cute in that Santa hat, Sumthing............


LOL..yeh, its amazing what a person drops when they come down the chimney and get bit on the butt! bigsmile laugh

texasrose9's photo
Wed 12/12/07 09:18 PM
Edited by texasrose9 on Wed 12/12/07 09:21 PM
Zman..... once a long time ago, I dated a wealthy man. I enjoyed his company, but I wasn't in love with him...something just didn't click. On about our 5th date, he tells me "You're going to marry me."
He offered me his Porsche, any house I wanted, any ring I wanted, offered to fly my whole family to the state I was living in at the time, offered me a "job" in his company,...yadayadayada....... all on a silver platter.....
I politely declined, and told him I could not do that because I didn't love him, and I intended to marry for love. He was flabbergasted. Long story short, he got very upset with me and hounded me for awhile, hoping to wear me down....and it did not end pretty....laugh
He should have been glad I wasn't a gold digger!

s1owhand's photo
Wed 12/12/07 09:24 PM
laugh

the pride of would-be ownership...lotsa pride...
you dodged a major cowpie!!

SDM's photo
Wed 12/12/07 09:24 PM
so, im wondering....since you guys seem to be full of useful information, can anyone give me some legal advice about a house i left (as stated in my divorce) to the SOB i divorced??? I dont want to ruin the thread, so, if you can help, please email me!!

SDM's photo
Wed 12/12/07 09:25 PM
that really is a cute pic Sumthing

no photo
Wed 12/12/07 09:33 PM

so, im wondering....since you guys seem to be full of useful information, can anyone give me some legal advice about a house i left (as stated in my divorce) to the SOB i divorced??? I dont want to ruin the thread, so, if you can help, please email me!!


Well since I started this thread I better throw an answer of some sort.

I really could not answer any "legal" questions in an ongoing style case like this. That could be considering "practicing law" and in most states is illegal unless you are licensed to practice in that state.

My post was for "prevention" for future reference. The old saying, "an ounce of prevention is worth a pound of cure".

So I am afraid since you already have an on-going situation in a divorce with a house involved, I would have to recommend talking to an attorney form your state.

I'm sorry thats not really any help..its just those can get very involved and complicated and I'm not an expert in that particular realm.

Sorry. :cry:

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