Trump Thread

[rory_20_uk]

I think this is something that should be done - if for no reason than to make hiding the money harder.

And here's how I would do it (NB I have nothing bar Google so I'm probably missing loads of more convoluted ideas)

1) Move the money to an overseas Foundation. as such you are neither the controller or owner of it. Of course all the assets are for your personal access. Doing this is quite easy and legal. The document stating who has access to the money is not a publicly visible document.
2) Have overseas companies owned by the Foundation - preferably in different jurisdictions. They can do things like invest and make it all the more difficult to even find out what is at the top of the pile.

The costs for setting up this framework starts at a few thousand pounds. That's nothing really. So finding where the money is would be quite the undertaking (since if anyone starts even starting proceedings on one entity you can fold it, move all the assets to another off-the-shelf asset (so the date of creation is potentially years ago), destroy all the paperwork and the search starts afresh.

And aside from those with conspicuous displays of wealth (such as Donald and brood), holidays are paid by money from abroad, the contents of one's house is paid from abroad - hell, have second or third houses all not technically owned by oneself. So knowing who has modest means and who only appears to have modest means would be extremely difficult to discern.