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A Mutual Trust Fund for Men


Edward
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Hello Fellow Investors,

 

I want to have a discussion regarding an idea I've had that I think that can be a big benefit to men (and some women) in today's society.

 

One big problem men have is that their wealth is exposed the moment they have any kind of contact with women due to the bias of most first world legal systems. This makes some men avoid any contact altogether (Turd Flinging Monkey for example). I think I might have a solution that would allow men to have their cake and it it too to a large extent, i.e. date women, even marry them (god forbid ;)) and still keep their assets mostly intact.

 

The way this is done is by setting up a Trust Fund on a mutual basis. One fund, many beneficiaries - essentially a mutual fund, but with certain protections from creditors/divorce/whatever. The trust will be irrevocable, and located offshore.

 

This has a few important benefits:

 

1. Set up and maintenance expenses are spread over many members. This is especially important if you have only 50-100K $ in assets. It opens the door early and protects you while you are building your wealth, without breaking the bank.

 

2. The assets will be professionally invested, and the expenses paid from the profits. This is something I have personal expertise in, with moderate success over the past decade.

 

3. Being offshore and in an irrevocable trust, your money will be protected in 99% of bad cases. I leave 1% in case you are Tony Montana or Bin Laden - can't really help you then.

 

4. It allows you to have certain tax benefits, such as capital gains tax deferral and lower effective tax rate in case of drawing an annuity.

 

5. Your girlfriends and relatives will not nag for money anymore, and won't be able to get to it. Same for your local legal system.

 

6. You can date anyone you like, for as long as you like, and choose your financial exposure to the fallout. Think of it as a financial condom.

 

7. No need to get permission from any third parties, unlike with prenups. This has the effect of keeping your wealth both secure and secret. Prenups often reveal too much and also don't always hold up in court.

 

8. If you decide to live/retire abroad, you don't have to move your money.

 

9. You can feel the smug satisfaction of being secure and also contributing to the security of others.

 

So that is the summary of the offer.

 

I would be happy to answer questions and get specific feedback that can improve the product before launch.

 

I also thought of a name - the Molon labe Trust. I think it's fitting.

 

Discuss.

 

 

 

 

 

 

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I would never, ever sign up for an irrevocable trust that came with a specific active manager. That's a lot of trust for one person. Not directed at you specifically, but not being able to change managers seems like a weakness in the model.

 

I'd rather just trust my wife, that's been working out quite well.

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I would never, ever sign up for an irrevocable trust that came with a specific active manager. That's a lot of trust for one person. Not directed at you specifically, but not being able to change managers seems like a weakness in the model.

 

I'd rather just trust my wife, that's been working out quite well.

The trust I propose has 3 main entities involved in the trust. A trustee, a protector, and a money manager.

 

The trustee can replace the money manager and the protector can replace the trustee.

 

So in case someone messes up too much he can be replaced. If you have some specific offers for a mechanism to prevent abuse beyond that, I will be happy to take notes.

 

I don't actually care that much if I am the money manager or not, I care more about getting this thing running properly as a viable financial product.

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