FORD - When should I sell? (divorce)

[rookieNYC]

fwiw its called an antenuptual agreement if you are NOT married yet but getting ready to wed...Secondly  your friend(s) are clearly not in the know or they should consult with various attorneys...Corporations are fair game as will be the tax returns of your well heeled friend in the event of a divorce...People that are worth size money do baffle me when it comes to this issue...An Antenuptual agreement is the most important agreement a person of wealth will sign..Havent we learned enough from Tigers situation..Even an ironclad agreement will be picked apart by the right attorney, *especially* if the person has money to fight..So to think that assets are hidden because of various measures is laughable at best...But in the end its his or her money not mine...My Antenuptual agreement cost me $3000 to draft and it saved me millions in the event of the demise of my marriage...

[yrush2000]

I personally do not know how it is all set up, all i know is his business deals are primarily done in Asia and he has his stuff set there and in the Islands.  He does little business in the USA.  But since he lives here and has his real estate holdings here he has things done for here as well.     Now business's are fair game if your the owner, but hate to tell you, you can credit a company and actually list a fictitious name as the owner and list yourself as a CFO or managing member.  A managing member does not have to have shares but credit can be used for business lines. 

One of my corps is done that way.  I am listed as CFO, not owner, it has NPG lines with Dell, Office Depot and Staples, not big lines but still lines.  However I am not the owner of the corp or have shares.  It has PG lines with Apple, Home Depot, and Lowes.  Working on getting them converted to NPG though.  The corp is aged well at 19yrs though I have owned it for 4 years.

[dr_white]

Damn. My stop loss triggered. At $10. Oh well, I guess maybe I'll try for the next dip a few months down the road. With the stop loss, anyways, I did get higher than the $9 and a bit if I would have sold immediately. Stupid greedy selfish ex's!! 

[BLL]

I personally do not know how it is all set up, all i know is his business deals are primarily done in Asia and he has his stuff set there and in the Islands.  He does little business in the USA.  But since he lives here and has his real estate holdings here he has things done for here as well.     Now business's are fair game if your the owner, but hate to tell you, you can credit a company and actually list a fictitious name as the owner and list yourself as a CFO or managing member.  A managing member does not have to have shares but credit can be used for business lines. 

One of my corps is done that way.  I am listed as CFO, not owner, it has NPG lines with Dell, Office Depot and Staples, not big lines but still lines.  However I am not the owner of the corp or have shares.  It has PG lines with Apple, Home Depot, and Lowes.  Working on getting them converted to NPG though.  The corp is aged well at 19yrs though I have owned it for 4 years.

If your friend is physically located in the USA, the judge will give him the option of repatriating the assets, becoming a fugitive, or spending time in prison and the time spent will be measured in years, not months. One person spend 6 years in prison. Another would never be able to see her children until she paid.

If the owner of a company  is a fictitious person or can't be found, the judge will assume the person writing checks and running the company is the true owner. This is a modification of bearer shares. Creditors are already wise to these types of games and know how to deal with them.

The only real way to protect assets are owning exempt assets (homestead, ERISA-qualified retirement plans, life insurance, etc.) and well drafted trusts with spendthrift provisions. Everything else is fair game.