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View Poll Results: yay or nay
don't trust shit 1 9.09%
trust all that shit 3 27.27%
trust some other shit... 0 0%
nobody gives a fuck, go to bed 7 63.64%
Voters: 11. You may not vote on this poll

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Old 10-03-2019, 09:50 PM   #1 (permalink)
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anybody trsut shit?

the notion of a trust seems like a thing I need, but I don't really know shit about them, have about 0 experience, and most of the internet is adverstisements or so.

maybe there is a better vehicle

whats the goal? welp, my pops is getting ready to be done working for 'the man' and I want to join him in a decade or so. we are looking to buy some land and essentially run an income shielding and likely not profitable ranch, we want basically everything, land, farm critters, homes, cars, NFA guns, equipment etc. to be purchased/owned in a joint way. his thought is an LLC, because he has experience with those. to me, the notion of a trust seems like a better option. joint ownership is the goal so that either of us can use the assets independently as needed and also for an extra layer of 'tax shelter' cuz, well, fuck the man.

good? bad? otherwise?
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Old 10-03-2019, 09:55 PM   #2 (permalink)
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Definitely Trust it if it is coming to you.
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Old 10-03-2019, 09:59 PM   #3 (permalink)
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Definitely Trust it if it is coming to you.
there aren't many people I care to be around stuck in isolation but pops is on the short list i'll be contributing a bunch into it pretty early on, so yeah i'll need to be able to get that all back out. we don't have enough for 'family drama' to be an issue. murder/suicide is always an option I guess
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Old 10-03-2019, 10:01 PM   #4 (permalink)
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In my head, i'm thinking that a trust should be a legal entity of it's own, similar to a C corp. as in, I should be able to add cash funds to the trust, then the trust can legally buy and own shit. say a 1965 jag or some other shitbox project but with "kill 'em all trust" on the legal title.

is that true ?
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Old 10-03-2019, 10:04 PM   #5 (permalink)
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Oye'vey
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Old 10-03-2019, 10:07 PM   #6 (permalink)
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Oye'vey
I dunno, i'm hear four sum thots


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Old 10-03-2019, 10:17 PM   #7 (permalink)
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How ya gunna shelter income inna trust?
Llc is designed to shelter liability.
I vote pay cash, bury the rest , grow weed for the black market.
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Old 10-03-2019, 10:18 PM   #8 (permalink)
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Put it in both of your names the property with a survivor ship on it. That is what I done with some property I bought and put it in my kids names. Anything with titles do your name and your dads name with either or in with your names that way if something happen to one of you the other can sell or change the title without going to court and getting power of attorney.
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Old 10-03-2019, 10:20 PM   #9 (permalink)
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grow weed for the black market.
This is Washington. The legal shit is cheaper than it ever was before it went legal. Why would there be a black market?

Edit: I mean, unless it's for minors. And then fuck you.

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Old 10-03-2019, 10:22 PM   #10 (permalink)
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. . . grow weed for the black market.
That's racist - grow weed for all races, ya' fookin' bigot
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Old 10-03-2019, 10:22 PM   #11 (permalink)
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I trust shit, but what I don't trust anymore is farts.

Nope. I don't trust farts anymore.
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Old 10-03-2019, 10:25 PM   #12 (permalink)
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How ya gunna shelter income inna trust?
Llc is designed to shelter liability.
I vote pay cash, bury the rest , grow weed for the black market.
I dunno, fuck man; if I knew, I wouldn't be asking

um, well the 'goal' is to run a generally unsuccessful farm (aren't they all?) so that will create a good bit of loss, and have the trust hold the assets so that anything removed from the trust is taken as an investment income, due to multiple assets acquisition dates, instead of earned income and also for transfer upon death (inevitable) so that none of it is acutally inheretence, though we likely won't breach the tax level regardless.

but maybe it don't work that way, I haven't much looked.
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Old 10-03-2019, 10:26 PM   #13 (permalink)
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This is Washington. The legal shit is cheaper than it ever was before it went legal. Why would there be a black market?

Edit: I mean, unless it's for minors. And then fuck you.
fuck Washington, but yeah no reason to live in a non-weed legal state
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Old 10-03-2019, 10:27 PM   #14 (permalink)
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Put it in both of your names the property with a survivor ship on it. That is what I done with some property I bought and put it in my kids names. Anything with titles do your name and your dads name with either or in with your names that way if something happen to one of you the other can sell or change the title without going to court and getting power of attorney.
doesn't that then require everybodies signatures for a transaction though while folks are still alive?
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Old 10-03-2019, 10:42 PM   #15 (permalink)
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https://www.investopedia.com/article...trust-fund.asp

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Once you place assets in the trust, they are no longer yours. They are under the care of a trustee. A trustee is a bank, attorney or other entity set up for this purpose.

Since the assets are no longer yours, you don't have to pay income tax on any money made from the assets
this is what seems confusing to me. i.e. if the trust owns the farm or the equipment, then the $$ earned would go to the trust, essentially for storage, and wouldn't be taxed as income.

once drawn, it seems like it would be then be taxable as income, but ideally at the investment rate. that would also allow for a situation where no $$ would need to be drawn, but to cover expenses. i.e. any potential profit would simply go straight to the trust and allowed to grow/stay in an untaxed state
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Old 10-03-2019, 10:46 PM   #16 (permalink)
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https://www.investopedia.com/article...trust-fund.asp



this is what seems confusing to me. i.e. if the trust owns the farm or the equipment, then the $$ earned would go to the trust, essentially for storage, and wouldn't be taxed as income.

once drawn, it seems like it would be then be taxable as income, but ideally at the investment rate. that would also allow for a situation where no $$ would need to be drawn, but to cover expenses. i.e. any potential profit would simply go straight to the trust and allowed to grow/stay in an untaxed state
Our Architect Cult friend here has shown us the Secret known by the Fords, Vanderbilts, Pews, Rockefellers, and other impossibly-wealthy families.

You know the Rockefellers have uber-liberal shitstain children like you'd expect from people who didn't work for their wealth and privilege, but they also have scions who unironically state that it is IMPOSSIBLE to spend that much money. It is impossible to spend the interest on a Gates fortune. You literally cannot buy enough yachts, real estate, and hookers fast enough to keep up with the earnings on the money just sitting in a spreadsheet. That is some crazy shit Amigo.

So they put it in Trust and give it away and still have enough to purchase anything they want.

Imagine the burden of being able to buy ANYTHING. What a fucking burden that is, what a curse.

God I want that curse.
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Old 10-03-2019, 10:53 PM   #17 (permalink)
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Our Architect Cult friend here has shown us the Secret known by the Fords, Vanderbilts, Pews, Rockefellers, and other impossibly-wealthy families.

You know the Rockefellers have uber-liberal shitstain children like you'd expect from people who didn't work for their wealth and privilege, but they also have scions who unironically state that it is IMPOSSIBLE to spend that much money. It is impossible to spend the interest on a Gates fortune. You literally cannot buy enough yachts, real estate, and hookers fast enough to keep up with the earnings on the money just sitting in a spreadsheet. That is some crazy shit Amigo.

So they put it in Trust and give it away and still have enough to purchase anything they want.

Imagine the burden of being able to buy ANYTHING. What a fucking burden that is, what a curse.

God I want that curse.
I rather specifically do not want that burden. I guess I've bought a couple lotto tickets and would then manage that money, but it hasn't worked out yet and i'm not counting on it

I do want to use every possible option to legally reduce my tax burden and nfa transfer burden as much as anybody can.
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Old 10-03-2019, 10:58 PM   #18 (permalink)
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I rather specifically do not want that burden. I guess I've bought a couple lotto tickets and would then manage that money, but it hasn't worked out yet and i'm not counting on it

I do want to use every possible option to legally reduce my tax burden and nfa transfer burden as much as anybody can.
The #1 thing I would do was done by Paul Allen. I would build an expedition yacht and find the USS Indianapolis. But the magnificent lucky sonofabitch already did it, bless him.

But what if the dark side crept in? There is a conflict in every human heart, between the rational and the irrational. Between good and evil. And good does not always triumph. Sometimes a dark side overcomes what Lincoln called 'the better angels of our nature'. Every man has a breaking point. You and I have them.

@nate379 has reached his. And very obviously, he has gone insane.
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Old 10-03-2019, 11:01 PM   #19 (permalink)
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The #1 thing I would do was done by Paul Allen. I would build an expedition yacht and find the USS Indianapolis. But the magnificent lucky sonofabitch already did it, bless him.

But what if the dark side crept in? There is a conflict in every human heart, between the rational and the irrational. Between good and evil. And good does not always triumph. Sometimes a dark side overcomes what Lincoln called 'the better angels of our nature'. Every man has a breaking point. You and I have them.

@nate379 has reached his. And very obviously, he has gone insane.


also, fuck paul allen for buying WA I1693 and making me wait 10 days to buy a gun after paying my redundant fees
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Old 10-04-2019, 03:22 AM   #20 (permalink)
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I could poop in this thread. I trust you're cool with that?
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Old 10-04-2019, 03:26 AM   #21 (permalink)
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I could poop in this thread. I trust you're cool with that?
I trust that any thread i'm involved in will be shit up i'm not above stirring and sifting shit myself
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Old 10-04-2019, 03:40 AM   #22 (permalink)
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I could poop in this thread. I trust you're cool with that?
Itís no different then what you do in all your post, poop. So, roll on with it.
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Old 10-04-2019, 05:05 AM   #23 (permalink)
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Talk to a lawyer that specializes in getting government benefits for elderly people. They'll know all the tricks you need to know for this. It varies by state so while I do know a guy he's of no help to you. The gist of it is throw everything he own in a trust yesterday, whether your shit goes in the same trust depends on the details of your situation.
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Old 10-04-2019, 05:09 AM   #24 (permalink)
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This is Washington. The legal shit is cheaper than it ever was before it went legal. Why would there be a black market?

Edit: I mean, unless it's for minors. And then fuck you.
to be shipped to the non legal states. There is a Very big demand for it
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Old 10-04-2019, 05:12 AM   #25 (permalink)
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Talk to a lawyer that specializes in getting government benefits for elderly people. They'll know all the tricks you need to know for this. It varies by state so while I do know a guy he's of no help to you. The gist of it is throw everything he own in a trust yesterday, whether your shit goes in the same trust depends on the details of your situation.
didn't know it was state dependent but I guess that makes sense for why the information is all over the place
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