The bank wants to be entertained by the sovcit's delulu questions. (lemmy.world)

submitted 1 month ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world

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[-] jaybone@lemmy.zip 1 points 1 month ago

Though I’m guessing that is not whatever this sovcit was reading about on his Facebook groups. So now some poor bank employee is going to have to try to explain how they actually work.

[-] theneverfox@pawb.social 2 points 1 month ago

Trusts are basically sovcit shit but real though

It's literally "you have to tell the government about your money so they can tax it, unless... you go to Nebraska, file some paperwork, declare yourself trust executor, and then you talk about your money like it's a person with free will that just so happens wants to pay your rent and buy you a jet ski. Then the government isn't allowed to ask about it, ever"

[-] jaybone@lemmy.zip 1 points 1 month ago

You don’t have to go to Nebraska lol.

[-] theneverfox@pawb.social 1 points 1 month ago

No, seriously

Which state is best?

That really depends on which benefits are most important to you. But, generally, the consensus among advisers and estate attorneys is that the trust laws of South Dakota and Nevada offer the best combination of tax benefits, asset protection, trust longevity and flexible decanting provisions.

Source

this post was submitted on 19 Jun 2025

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