Deleted
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Post by Deleted on Jul 4, 2019 10:25:11 GMT -5
I've been thinking about registering a trust and putting my next property in it, and a vehicle and bank account, if that's possible?
I want my house to be easy for my kids to sell when I die.
I also want to become a ghost when I leave here. I don't want to drug cartel to know where I am, and I don't want a stalker ex to have any way to know where I moved either.
I won't submit a change of address, etc... and from the day I leave I will have a different vehicle.
Typically, the growers now put a big "good faith" down on property because they have a reputation for not being able to fund or playing games otherwise. As soon as that is released to me I plan to scrap my damaged vehicle, rent a moving truck, bring it here at night, and load up and disappear.
I plan to sign my papers online if possible or at a title company well away from where I live or where I will be staying.
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Blonde Granny
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Post by Blonde Granny on Jul 4, 2019 12:17:49 GMT -5
I just updated my will and trust. Cost for attorney was $1400.
My house is in owed by the Trust as are my brokerage accounts. It was too much nonsense to change my bank accounts into the trust as every account would have required closing the old ones and opening new accounts. I've had my main checking account for 20 years, no way was I going to close it then open a new one. My car is not in the trust (not worth the effort for no gain).
Revocable trust vs irrevocable are just what they say. One you can change, the other one "not a chance".
My only advice is you need to be careful.
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dannylion
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Post by dannylion on Jul 4, 2019 12:42:26 GMT -5
I just updated my will and trust. Cost for attorney was $1400. My house is in owed by the Trust as are my brokerage accounts. It was too much nonsense to change my bank accounts into the trust as every account would have required closing the old ones and opening new accounts. I've had my main checking account for 20 years, no way was I going to close it then open a new one. My car is not in the trust (not worth the effort for no gain). Revocable trust vs irrevocable are just what they say. One you can change, the other one "not a chance". My only advice is you need to be careful. It is definitely a pain in the butt to change every account, but whether an account needs to be closed and a new one opened appears to depend on the individual bank's policies. My trust was established almost a year ago, and I'm still working on changing accounts. The elder law practice that is handling the trust has a financial account coordinator who will do all the paperwork for titling financial accounts in the trust, which has been very helpful. Most brokerage accounts were easy. Some banks were really easy and everything could be done online. Others, as you discovered, required closing and opening accounts, but the financial account coordinator took care of all the heavy lifting, which was a good thing because the one I tried to do myself turned into a goat rope (but she got it sorted out). A couple of banks would not allow titling accounts in the trust but would allow naming the trust as beneficiary. One would not allow titling in the trust or naming the trust as beneficiary, so those CDs will have to be moved to some other bank. It's been interesting to see which banks are easy to deal with and which really appear to want to make life as difficult as possible for their customers. The trust attorney said most people don't move their checking accounts to the trust, so I'm not going to do that, but I probably will name the trust as beneficiary on the account. @rockhounder , if you can find a good elder law practice to work with, they can explain all your options so you can figure out what will work best for you.
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Post by Deleted on Jul 4, 2019 12:59:30 GMT -5
Talk to an attorney about whether a trust will give you the anonymity you want. Mine is revocable and the house is included in the trust assets. I just checked on-line tax records for my county and the Taxpayer Name is (My name) Trustee; I'm also listed that way as owner. The street address, of course, is also publicly available. I don't know much about irrevocable trusts- the word "irrevocable" scares me!
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tskeeter
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Post by tskeeter on Jul 4, 2019 13:48:48 GMT -5
The thing you want to be careful of is that with an irrevocable trust, you give up control of your assets. And once the trust is done, you can’t change it.
You’d want to talk with an estate planning attorney to see if you can be a trustee of the trust you have created.
I am the primary trustee of an irrevocable trust. The trust provides for two successor trustees. Both of the successor trustees have passed away. If something should happen to me, The beneficiaries of the trust would have to ask the courts to appoint a new trustee.
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Happy prose
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Post by Happy prose on Jul 4, 2019 16:27:59 GMT -5
I was just thinking about this last week. In probably less than 3 yrs, I will be buying a home in a retirement community. (I rent now). I was going to put my daughter's name on the deed, but then she would have to pay capital gains from the date of purchase. I read about irrevocable, and don't think it's a good idea. If I did revocable, and she got the house when I died, does that eliminate probate and capital gains?
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resolution
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Post by resolution on Jul 5, 2019 9:23:37 GMT -5
My parents have their retirement home set up as a transfer on death (beneficiary deed) to avoid probate.
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haapai
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Post by haapai on Jul 5, 2019 11:19:34 GMT -5
I can't answer your questions regarding trusts, not at all.
OTOH, I am overjoyed that you are thinking about ghosting your buyers. Yes, changing vehicles immediately is a must. Yes, use a lawyer's office as your contact info on all of the documents.
Yes, consider signing a contract that gives you a week or a month to get out and never go back. Yes, consider abandoning personal possessions that most folks would expect you to go back for.
The dogs are a sticky point. No, I'm not the cartel/cooperative leader that has been talking about them on facebook. (He scares me!) It's going to be difficult to get your dogs off the property without telegraphing your intention to never return. Getting them off the property without detection is pretty easy if you have an attached garage or an exit route that cannot be monitored, but the absence of your dogs on the property in the last days or hours prior to disappearing (pups gotta pee) my alert your buyers to your intent to disappear and cause the closing not to happen.
I really don't know how to get around this. I don't think that stationing other people at the property to evacuate the dogs and the last bits of personal property at the moment that the closing happens is a good idea unless they are armed, in constant contact with others (preferably law enforcement personnel)), and willing to run the risk of becoming hostages. I think that you should put some more thought into the dog issue, possibly into even faking his death or extended hospitalization, along with considering the trust issues.
P.S. If this message freaks you out, I will do what is necessary to calm you down. I've been on YM and its later iterations for about years now. Quite a lot of that is verifiable with a few keystrokes. If you need further verification of my identity, I'm willing to provide it.
Just don't ask me to post pix of Hans. I'm definitely a PC gal and I don't even own a cell phone. It might take days for me to figure out how to send you pix of my furbaby.
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busymom
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Post by busymom on Jul 5, 2019 12:01:08 GMT -5
Can you hire some temporary (armed) help, to be with you as you empty your property? I wouldn't be there alone. Is there somewhere else you can stay until the sale is completed?
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dannylion
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Post by dannylion on Jul 5, 2019 13:16:13 GMT -5
@rockhonder, you might benefit from studying up on "operational security." It has many aspects involving day-to-day security (not being predictable, not telegraphing your plans by your actions, not revealing locations of important things by your routine or other actions, etc.) and can also be employed to gradually establish a new pattern that can conceal other intentions. Plan your departure behavior in detail well in advance and begin establishing a routine that will make that behavior look normal and unremarkable.
For example, the dog issue might be solvable by altering your routine with them several months in advance (or as far in advance as you have the time to do it). If you have somewhere else they could stay for a few days at a time, start taking them there and leaving them, then bringing them back on a semi-random schedule. Then, when you do leave, take the dogs to their safe place the day before. That way, their being away from your property would not cause alarm because you would have established a new routine that involved taking them away and bringing them back. Their being away would not be a signal that you were getting ready to leave, too. If there is nowhere you could take them to stay for a few days, think of other routines you could establish that would make it unremarkable for you to be loading them up in your car or for them to be away from your property. Maybe start a new routine of taking them with you on rockhounding expeditions that last for several hours during the day. That would at least give you a few hours to get to some other location before unsavory people started wondering where you had gone.
(I spent 40 years working in the intelligence community. I learned lots of weird stuff.)
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Deleted
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Post by Deleted on Jul 5, 2019 13:38:10 GMT -5
OTOH, I am overjoyed that you are thinking about ghosting your buyers. Yes, changing vehicles immediately is a must. Yes, use a lawyer's office as your contact info on all of the documents.
Yes, consider signing a contract that gives you a week or a month to get out and never go back. Yes, consider abandoning personal possessions that most folks would expect you to go back for.
The dogs are a sticky point. No, I'm not the cartel/cooperative leader that has been talking about them on facebook. (He scares me!) It's going to be difficult to get your dogs off the property without telegraphing your intention to never return. Getting them off the property without detection is pretty easy if you have an attached garage or an exit route that cannot be monitored, but the absence of your dogs on the property in the last days or hours prior to disappearing (pups gotta pee) my alert your buyers to your intent to disappear and cause the closing not to happen.
I really don't know how to get around this. I don't think that stationing other people at the property to evacuate the dogs and the last bits of personal property at the moment that the closing happens is a good idea unless they are armed, in constant contact with others (preferably law enforcement personnel)), and willing to run the risk of becoming hostages. I think that you should put some more thought into the dog issue, possibly into even faking his death or extended hospitalization, along with considering the trust issues.
P.S. If this message freaks you out, I will do what is necessary to calm you down. I've been on YM and its later iterations for about years now. Quite a lot of that is verifiable with a few keystrokes. If you need further verification of my identity, I'm willing to provide it.
Just don't ask me to post pix of Hans. I'm definitely a PC gal and I don't even own a cell phone. It might take days for me to figure out how to send you pix of my furbaby.
In CA we use title companies not lawyers to sell property. AFAIK, I can sign papers at any title company I choose within the state. I may also be able to sign online now, which would be ideal. If I have to sign at a title company, I plan to use one in a large city like Stockton or Sacramento, well away from where I will be storing my stuff and temporarily staying. The way it typically goes, you get an offer with a "good faith" deposit. That deposit is released to the seller about 1/2 way through escrow as proof the sale will close, post inspections if they opt to do any. (Last time, I ended up with their money, but it was only $1K. Next time I will demand the new standard 10% of the sales price as good faith. I hear that's how one proves they will close on this type of sale from these specific buyers. They like to play games, and a large deposit stops that bullshit because they have more to lose.) My mobile is not on a foundation, so this will be an all cash sale with no mortgage, etc... The only inspections they typically do is well production, and I have that already from last time and plan to include it in the paperwork in hopes they don't do another one. Once I have their good faith money released to me and I know the sale will close, I plan to rent a Uhaul and move all in one night. I don't need to be here until it closes and don't plan to be. Some buyers do a walk-thru the day before closing to ensure all the trash and personal stuff has been removed. I plan for the property to be empty the day I leave. Only because I don't want any reason for them to try and back out at the last minute and because I don't want any other reasons for them to attempt to find me. Once I arrive where I will be staying and escrow closes, then I plan to buy a vehicle and leave on vacation/house hunting. Quite honestly, while the cartel is a problem, I worry more about an ex boyfriend who knows where I live and has gone off the rails a few times and threatened my life. While law enforcement has all the emails and text messages threatening me, there isn't/wasn't much they can really do. I will be really happy when he no longer knows where I live.
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Post by Deleted on Jul 5, 2019 13:50:02 GMT -5
@rockhonder, you might benefit from studying up on "operational security." It has many aspects involving day-to-day security (not being predictable, not telegraphing your plans by your actions, not revealing locations of important things by your routine or other actions, etc.) and can also be employed to gradually establish a new pattern that can conceal other intentions. Plan your departure behavior in detail well in advance and begin establishing a routine that will make that behavior look normal and unremarkable. For example, the dog issue might be solvable by altering your routine with them several months in advance (or as far in advance as you have the time to do it). If you have somewhere else they could stay for a few days at a time, start taking them there and leaving them, then bringing them back on a semi-random schedule. Then, when you do leave, take the dogs to their safe place the day before. That way, their being away from your property would not cause alarm because you would have established a new routine that involved taking them away and bringing them back. Their being away would not be a signal that you were getting ready to leave, too. If there is nowhere you could take them to stay for a few days, think of other routines you could establish that would make it unremarkable for you to be loading them up in your car or for them to be away from your property. Maybe start a new routine of taking them with you on rockhounding expeditions that last for several hours during the day. That would at least give you a few hours to get to some other location before unsavory people started wondering where you had gone. (I spent 40 years working in the intelligence community. I learned lots of weird stuff.) My dogs do go places in my vehicle and that's been seen by their security people. I don't know why it matters if they know I left and my dogs go with me. The property can sit empty for the close of escrow and I don't think it would really matter much. I have 2 neighbors who would watch over it in my absence. I won't move now because they don't buy property this time of year and are essentially my only buyer. They haul their crops back east in Oct and it's estimated they are growing in excess of 10 billion dollars in this county alone. They show up in March and start buying all the available property on the market to expand. And, there are a couple competing groups which often creates bidding wars for any available property! At this point, they own all the bare land and are starting to buy up all the houses and more expensive places. This is actually a good thing for my property value. It also isn't safe to leave the house here empty until spring if I don't want to come back to find the entire house stripped of any valuable metal or whatever by the thieving tweakers up the road or burst water pipes from the winter freezes. Living here isn't ideal. But, it needs to be the case until the spring. I don't live in fear of them. I own a firearm and know how to use it. I do move cars around and vary the ways I behave. I'm fortunate right now that I have a couple extra vehicles here as well as my DS and his GF coming and going at random times. They will be moving out in the next couple months, but in Oct the growers will all be gone again. I plan to enjoy the quiet winter while they are away and finish fixing up my house for sale. March 1st is my current date to get it listed.
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dannylion
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Post by dannylion on Jul 5, 2019 14:24:40 GMT -5
@rockhonder, you might benefit from studying up on "operational security." It has many aspects involving day-to-day security (not being predictable, not telegraphing your plans by your actions, not revealing locations of important things by your routine or other actions, etc.) and can also be employed to gradually establish a new pattern that can conceal other intentions. Plan your departure behavior in detail well in advance and begin establishing a routine that will make that behavior look normal and unremarkable. For example, the dog issue might be solvable by altering your routine with them several months in advance (or as far in advance as you have the time to do it). If you have somewhere else they could stay for a few days at a time, start taking them there and leaving them, then bringing them back on a semi-random schedule. Then, when you do leave, take the dogs to their safe place the day before. That way, their being away from your property would not cause alarm because you would have established a new routine that involved taking them away and bringing them back. Their being away would not be a signal that you were getting ready to leave, too. If there is nowhere you could take them to stay for a few days, think of other routines you could establish that would make it unremarkable for you to be loading them up in your car or for them to be away from your property. Maybe start a new routine of taking them with you on rockhounding expeditions that last for several hours during the day. That would at least give you a few hours to get to some other location before unsavory people started wondering where you had gone. (I spent 40 years working in the intelligence community. I learned lots of weird stuff.) My dogs do go places in my vehicle and that's been seen by their security people. I don't know why it matters if they know I left and my dogs go with me. The property can sit empty for the close of escrow and I don't think it would really matter much. I have 2 neighbors who would watch over it in my absence. I won't move now because they don't buy property this time of year and are essentially my only buyer. They haul their crops back east in Oct and it's estimated they are growing in excess of 10 billion dollars in this county alone. They show up in March and start buying all the available property on the market to expand. And, there are a couple competing groups which often creates bidding wars for any available property! At this point, they own all the bare land and are starting to buy up all the houses and more expensive places. This is actually a good thing for my property value. It also isn't safe to leave the house here empty until spring if I don't want to come back to find the entire house stripped of any valuable metal or whatever by the thieving tweakers up the road or burst water pipes from the winter freezes. Living here isn't ideal. But, it needs to be the case until the spring. I don't live in fear of them. I own a firearm and know how to use it. I do move cars around and vary the ways I behave. I'm fortunate right now that I have a couple extra vehicles here as well as my DS and his GF coming and going at random times. They will be moving out in the next couple months, but in Oct the growers will all be gone again. I plan to enjoy the quiet winter while they are away and finish fixing up my house for sale. March 1st is my current date to get it listed. Sounds like you are aware of your surroundings and have your plans in place. I hope it all works out well for you, you get a good price for your property, and you can depart uneventfully to begin your new life in a more salubrious location.
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adela76
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Post by adela76 on Jul 5, 2019 17:09:56 GMT -5
I'm confused, and I may have missed a thread somewhere. If you voluntarily sell your property to the cartel and they choose to buy it . . . why do you want/need to hide from them afterwards?
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Deleted
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Post by Deleted on Jul 5, 2019 17:46:19 GMT -5
I'm confused, and I may have missed a thread somewhere. If you voluntarily sell your property to the cartel and they choose to buy it . . . why do you want/need to hide from them afterwards? I've had 2 events recently where they followed me, got out of their vehicles, and filmed me. During that same week one of their leadership went on my FB account and "liked" all the public photos of my dog. Out of an abundance of caution is the reason I prefer to sell and disappear. Also, because I have an ex-boyfriend who is certifiably psycho and likes to occasionally find me online and threaten my life. I plan to disappear from both situations.
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Bonny
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Post by Bonny on Jul 6, 2019 19:47:04 GMT -5
I was just thinking about this last week. In probably less than 3 yrs, I will be buying a home in a retirement community. (I rent now). I was going to put my daughter's name on the deed, but then she would have to pay capital gains from the date of purchase. I read about irrevocable, and don't think it's a good idea. If I did revocable, and she got the house when I died, does that eliminate probate and capital gains? It's going to vary state by state. Many states allow a beneficiary deed which acts like a bank TOD account and avoids probate. Try googling "beneficiary deed" and your state and see what comes up. We use a lot of "Living Trusts" aka revocable trusts in CA because probate takes so long (maybe a year). Most states don't have that problem.
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Happy prose
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Post by Happy prose on Jul 7, 2019 5:44:53 GMT -5
I was just thinking about this last week. In probably less than 3 yrs, I will be buying a home in a retirement community. (I rent now). I was going to put my daughter's name on the deed, but then she would have to pay capital gains from the date of purchase. I read about irrevocable, and don't think it's a good idea. If I did revocable, and she got the house when I died, does that eliminate probate and capital gains? It's going to vary state by state. Many states allow a beneficiary deed which acts like a bank TOD account and avoids probate. Try googling "beneficiary deed" and your state and see what comes up. We use a lot of "Living Trusts" aka revocable trusts in CA because probate takes so long (maybe a year). Most states don't have that problem. Darn. I just checked, and NJ doesn't allow it. I guess I need to read up on this more.
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Bonny
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Post by Bonny on Jul 7, 2019 13:47:09 GMT -5
It's going to vary state by state. Many states allow a beneficiary deed which acts like a bank TOD account and avoids probate. Try googling "beneficiary deed" and your state and see what comes up. We use a lot of "Living Trusts" aka revocable trusts in CA because probate takes so long (maybe a year). Most states don't have that problem. Darn. I just checked, and NJ doesn't allow it. I guess I need to read up on this more. I found the Nolo Press books on Probate and Estate Planning helpful. There's probably one for NJ. Also do you belong to Bogleheads.org? There's a very helpful attorney B. Steiner who responds to estate planning/probate questions. I think he's licensed to practice law in NJ but you might want to double-check that or PM him to get a referral.
Good luck with your planning process!
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Happy prose
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Post by Happy prose on Jul 7, 2019 15:55:29 GMT -5
Darn. I just checked, and NJ doesn't allow it. I guess I need to read up on this more. I found the Nolo Press books on Probate and Estate Planning helpful. There's probably one for NJ. Also do you belong to Bogleheads.org? There's a very helpful attorney B. Steiner who responds to estate planning/probate questions. I think he's licensed to practice law in NJ but you might want to double-check that or PM him to get a referral.
Good luck with your planning process!
Thanks so much. Sounds like exactly what I need.
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