Timsup2nothin
Deity
- Joined
- Apr 2, 2013
- Messages
- 46,737
That only works with a whole host of other changes to e.g. family trust structures. A lot of very rich people manage to have minimal personal wealth.
No question. I never said it was easy to execute. Account balances, stocks, real property...how do all these get assessed to determine "net worth"? And what about that mattress full of cash that no one knows about? Is a priceless painting on the wall a stagnating investment of wealth, or just decoration? Thirty five luxury automobiles? An accumulation of wealth, or just a passion for cars? The mass produced wealth hiding structures that lawyers provide are relatively easy, just do away with them. But that doesn't make it just a simple process overall.