PreNups, Trusts, Offshore Accounts & Protecting yourself

[sledder]

Tiger

If you sell the second to a shell, you get the cash.  What do you suggest happens with the cash from the sale?  Monaco?

Alan

[TigerPaws]

Tigerpaws,

Thanks for the info.  Really, can one trust the other countries the accounts are in?  As for trusting you.......nothing personal, but I don't know you.  As for trusting ones wife, I start to have second thoughts when reading the words of the women on this forum:D

The Grand Cayman Islands would be a good place to start, I like the Principality of Monaco but it is more expensive to do business there. The up side is that Monaco will not work with the U.S. Goverment for any reason peroid, they are extremily security oriented and privacy is their montra. As for being a safe place to stash you assets, yes your assets are as safe as you could ever wish for.

[TigerPaws]

Really, what is the best state for dealing with divorces, dividing up assets, etc? 

Hum..... Interesting question I do not know.

 

[TigerPaws]

Tiger

If you sell the second to a shell, you get the cash. What do you suggest happens with the cash from the sale? Monaco?

Alan

Alan,

 Sense you own the shell corporations no money changes hands otherwise you wold be paying yourself.  

[Son of Clyde]

I have yet to wade through this thread but I keep hearing that it is wise to have a prenup. Is this so we are not taken to the cleaners or does it give the woman a choice also? In some relationships it is no ones fault if the two are just not compatible. I want to find a solution where she would be taken care of and I would be able to leave with some dignity and cash left over. In Maryland I think the woman gets at least 50% of the ex-husbands salary but I may be wrong. If he dies I think she gets 100%.

 I DO NOT HAVE COLD FEET!

Actually I trust her more than 80% of the AW I have met.

 

[TigerPaws]

[user=130]Son of Clyde[/user],

 I guess it all depends on what you feel you have to loose, if you are ready and willing to loose what you have worked for then you have no need of a prenup. On the other hand if you believe in insurance and planning for the future then maybe a prenup is something you should consider, only you know for sure.

 If you are thinking along the lines of a marrage contract or prenup I highly suggest that you contact a legal firm well grounded in such matters to see what you can and need to do.

 

[Evgeni]

Dear Mr. Paws,

Your written English is not bad for a non-native English speaker, but here is some unsolicited advice.  Please type your entries on a document processing program, such as, Word.  It will correct most of your atrocious spelling errors, yet you will have to proofread it afterwards, because it will not catch silly mistakes like using "loose" as a verb.

It is really difficult to take advice seriously from someone, who does not write properly.  Then again, Joel Chandler Harris mused about his early journalist days, when a senior journalist asked, " Joel, do you spell graphic with one "f" or two?"  To which Mr. Harris replied, "if you are going to use an "f," you had better use two."

[Bruno]

Dear Mr. Paws,

Your written English is not bad for a non-native English speaker

:D:D LOL ... when i think that Mr. Paws is a retired general... and he is from US, a native English speaking country !!!

Evgeni, be ready to receive back some attack :? but i agree with your post

 

[Elen]

Paws is a retired general...

Yes, he is And that explans all he writes and how he does that:D

[TigerPaws]

What you fail to understand is that I am often on our boat surfing the web using a PDA with WiFi connection and typing with a hand held pen not a keyboard.

[Bruno]

WIFI on a boat... how you make ? Because the power output is extremely small it is necessary to have as much gain as possible. Most wireless cards have a power output of 32 milliwatts (+15dBm), which is roughly the same amount of power it takes to light a high power LED (Light Emitting Diode). LEDs are bright, but imaging trying to see one at a large distance.

This is why the antenna is critical for amplifying that signal so it is as strong as possible. Why is the power output so small? Because 802.11 ( Wifi ) works at the same frequency as a microwave oven (2.4 GHz) and if it put out a large amount of power…. well, enough said. Microwave popcorn!

And for longer links > 3 Km (2 miles) whether you may have to use Parabolic or dish antennas. This is where the real power is! Parabolic dish antennas put out tremendous gain but are a little hard to point and make a connection with. As the gain of an antenna increases, the antenna's radiation pattern decreases until you have a very little window to point or aim your dish correctly.

So, the Parabolic method cannot work for a ship because he is always moving... focus and tracking problem...

When i wash in Navy, the only internet link possible was via Satellite and big Parabolic dish... with a large computer system for the stabilisation of the dish...

And i forget M. Fresnel and his zone theories ... and the height of the earth curvature at the mid-point of the total link distance ( the ocean follow the curve of earth )... it is really a wonder that you can use a WIFI system on a boat...

[TigerPaws]

Bruno,

 Our marina provides a high speed 802.11g WiFi connection for free, with a 6db gain antenna for longer range. Additionally I use a similar 6db gain antenna attached to my boat's mast which gives me a pretty fair connection.

[TigerPaws]

Bruno,

 We do have full internet access while at sea but the connection is limited to a 64k connection up and down, still it is good for e-mail and voice communications as well as weather data.

 

 

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[Bruno]

OK, i understand, the wifi is for the marina and around... and i am under the impress from your system for sea... it is not a cheap gadget ( 20135$ )... i understand why a prenups is needed in your case...

I don't wish be rich but it can help for my dream... my own ship... Yep, i cannot fully forget my 9 year in Navy and the ocean... the sea is one of my love... one big section of my life...

Tiger, for the first time, i am under impress... lucky guys :cool::cool::cool:

[Admin]

I like our law here in South Dakota where the man can sue the person who cheated with his wife. A few years ago a man won $300,000 by suing the man who broke up his marriage. Not only did the ex wife get nothing because she cheated and moved out, the other guy had to shell out a huge some of money. He appealed to the South Dakota Supreme court and lost there too. It also works the other way around too, where the wife can sue the mistress of her husband if he is cheating.

South Dakota is one of VERY few states that continue to allow lawsuits for 'alienation of affection' and 'seduction' (North Carolina and Utah are a couple of others).

In all those states, a cheater is at great risk for losing loads of $$$. It is not uncommon to see settlements or jury awards in the hundreds of thousands of $$ (or even millions).

Makes you wonder why those laws (torts, actually) have been abolished in most states. In fact, here in Colorado, it is a misdemeanor crime for someone to even file one of those cases with the courts.

FWIW

- Dan

[Evgeni]

What you fail to understand is that I am often on our boat surfing the web using a PDA with WiFi connection and typing with a hand held pen not a keyboard.

General Paws,  Please excuse me.  That PDA talk always gives me shivers, because last century, PDA would yield 15 demerits and 20 hours on the area, unless, of course, it happened on "Flirtation Walk,"  to which any TAC would happily "award" a 45 and 40 on the 2 dash 2 quill sheet.

 

 

[TigerPaws]

South Dakota is one of VERY few states that continue to allow lawsuits for 'alienation of affection' and 'seduction' (North Carolina and Utah are a couple of others).

In all those states, a cheater is at great risk for losing loads of $$$. It is not uncommon to see settlements or jury awards in the hundreds of thousands of $$ (or even millions).

Makes you wonder why those laws (torts, actually) have been abolished in most states. In fact, here in Colorado, it is a misdemeanor crime for someone to even file one of those cases with the courts.

FWIW

- Dan

Dan,

 I keep on preaching in the hope that a few men will listen and have a marrage contract BEFORE getting married, while a prenup is no guarantee that a court will see things your way it is better than NOTHING should things go very wrong in the relationship.

[Frank]

Hey Tigerpaws,

Is there anything like a postNup agreement?  Just curious:cool: 

 

[Turboguy]

You did not ask me Frank but since I know the answer to that.

Yes there is.

It is called a divorce settlement

It is used very often and usually not to the favor of the guy although the only time I had personal experience mine was totally fair.   My wife got all the assets and I got all the bills for them.  That is 50-50.

[Frank]

Turboguy,

I like your answer.  It's not that it's good, but kind of funny:? 

[Turboguy]

I am glad you liked my answer.   Just for the record when this topic started I was dead set against using a Pre-nup with my gal.  If she would have suggested one I would have told her I was against it.    I am sure some of the ideas expressed here by Tiger Paws and others were part of my change but as far as I am concerned if there is no prenup there will be a ticket back to Russia and I don't mean for me.

[TigerPaws]

Turboguy,

 As a suggestion exercise a bit of diplomacy when you broach this subject with your lady, a careful and complete undestanding of why you need a prenup will go a long way towards her understanding the need for one. Additionally have the agreement written by an attorney who specializes in such things then have the contract translated into Russian and reviewed by a Russian/American attorney here in America. If you plan on escorting your lady from her home country to America bring the comntract with you so the two of you can have an attorney in here home counrty go over the contract with her, there are several in Moscow who deal with such things.

 Anyway just a suggestion. 

[Turboguy]

Thanks for the suggestions TigerPaws.  I will use a little more tact than the way I worded it in my post.   I am sure If I worded it that way and then turned around and bent over to find a pen I might find something stuffed someplace uncomfortable. 

I am not too sure how hard it will be to find a Russian American Attorney in the Pittsburgh region but I will find one somewhere.   I travel all over the place so if we have to go somewhere else that is not a problem.   You have pointed out some good things here.   I was aware of some of that but I am sure a lot of people are not and you are quite right having the attorney you use in your business dash off something out of a book and asking her to sign it or beat it is probably worse than not having the PreNup at all.

[jb]

An old lawyer friend once told me that almost any pre-nup could be over turned.  

What you need to find is a lawyer for her who is Russian, or who speaks Russian fluently, he can explain the document to her in Russian.  You must then also have an independant translator who will explain it to your lawyer.  And then videotape the whole affair with everything read back in both Russian and in English for the record.

You might then have a document that will stand up in a divorce court,,, but I doubt it...

[TigerPaws]

An old lawyer friend once told me that almost any pre-nup could be over turned.

What you need to find is a lawyer for her who is Russian, or who speaks Russian fluently, he can explain the document to her in Russian. You must then also have an independant translator who will explain it to your lawyer. And then videotape the whole affair with everything read back in both Russian and in English for the record.

You might then have a document that will stand up in a divorce court,,, but I doubt it...

 A well written prenup will stand up in a California court because I know having gone through a very nasty divorce, as for other states I do not know.