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From: Greegor on 17 Mar 2010 15:04
m(a)rl@go > On his "wife", see her listed here?

http://www.fifthdcs.com/board.cfm

KBW > Has anyone claimed Lindsay's on the board?
KBW >  Anyone?  Either directly or through implication?
KBW > Oops.  Another of your deceptions (lies) has
KBW > been exposed. You're welcome.

m(a)rl@go > Merely checking resources, no harm in that.

Kent acts like he can't tell a "what if"
discussion or a question from an assertion.

m(a)rl@go > I suspect the whole shell-account life is just that.

KBW > You can suspect anything you wish.  That
KBW > you have to dishonestly present that
KBW > Lindsay's on the board when no such claim
KBW > has been made, directly or through
KBW > implication, tells that you aren't being honest.

m(a)rl@go > It would be a logical position for someone
m(a)rl@go > of her credentials to hold, would it not?

Kent's probably only sorry HE didn't think of it!

Isn't it incredible that a phone number that
according to Kent was UNASSIGNED when
somebody said it was his a few years back
is now publicly registered to a Kent Wills?

That's quite a coincidence, that the
""other Kent Wills" would be assigned
a phone number which ""our"" Kent Wills
was ""mistakenly"" accused of owning before that!

I'm thinking it's probably his fax/computer line.
Or a hotline to his payee.

http://www.napavalleyregister.com/business/columnists/mcnichol-and-tillem/article_b114b8e0-e9a3-591d-a18e-666e40f04f8c.html

A family protection trust

By McNichol & Tillem Friday, August 1, 2008 12:00 am Updated: 2:20
pm.

Dear Len & Rosie, We have three grown children with children of their
own and we have a trust. We want our children to be the beneficiaries,
but want to set it up so that, should they divorce, the spouse would
not have a right to the inheritance.

I know that an inheritance comes into the marriage as separate
property but I thought that, if the pool is used for community
expenses, mortgage, etc. that the whole thing could become community
property. Yuk. Is there a way to ensure that it will stay separate
property? We don’t mind if our children purposely use the funds for
their families, but would like to set it up so that they can keep the
remainder of the inheritance should they divorce. What should we be
looking for? — Patricia

Dear Patricia, Most parents think the way you do. They don’t want to
look down from above and see their ex-son-in-law driving a Lexus
bought and paid for with their daughter’s inheritance. Normally, you
do not have to worry about your childrens’ spouses inheriting anything
from you. They will get nothing upon your deaths, unless you
specifically say so in your wills or trust. What you have to worry
about is what happens to the inheritance once it’s in the hands of
your children.

An inheritance is separate property, but many children, either by
mistake or on purpose, commingle their inheritance with community
property assets, or even transmute their inheritance to community
property. There are a couple of options available to you to help your
children not do this.

The first is education. The trick to keeping separate property
separate is to keep it separate. While that may not make much sense,
it can be pretty simple. Your children should know to put any
inherited assets into brand new accounts in their names alone,
preferably at different financial institutions. Then, they need to
know that they should never put anything else into these accounts that
may be community property. If your children create trusts to avoid
probate, these accounts should be identified as being their sole and
separate property.

A better alternative is for you to leave your children their inherited
assets within a family protection trust. The idea here is that if your
children receive their inheritance within its own trust, with each
child being his or her own trustee, your children will have a safer
means of protecting the separate property nature of their inheritance.
It’s meant primarily for the “good” children who are able to manage
themselves. The trust will make payments to your child for purposes of
support and education. The trust can buy a home for your child to live
in, but it’s best for the home to be held within the trust. That way,
if a child is divorced, his or her inheritance from you will be
protected.

There are three other principal benefits to a family protection trust.
First, since the child doesn’t really own his or her inheritance
within the trust, it’s largely protected from creditors through the
trust’s spendthrift clause, except for taxes and child support debt.
Second, all or a large portion of the trust assets can be exempted
from estate tax when your child passes away.

On top of all this, you have the ability to place restrictions on how
your children may dispose of their inheritance upon their own deaths.

You can prohibit your children from leaving all or most of the family
protection trust to their spouses, for example. With a family
protection trust you can literally and legally create a dynasty
intended to benefit your family for generations. — Len & Rosie

Len Tillem and Rosie McNichol are elder law attorneys. Contact them at
846 Broadway, Sonoma, CA 95476, 996-4505, or www.lentillem.com. Len
also answers legal questions each weekday, noon to 12:45 p.m., and
Sundays, 4-7 p.m., on KGO Radio 810 AM.

From: m on 17 Mar 2010 19:19
On Wed, 17 Mar 2010 12:04:33 -0700 (PDT)
Greegor <greegor47(a)gmail.com> wrote:

> m(a)rl@go > On his "wife", see her listed here?
>
> http://www.fifthdcs.com/board.cfm
>
> KBW > Has anyone claimed Lindsay's on the board?
> KBW >  Anyone?  Either directly or through implication?
> KBW > Oops.  Another of your deceptions (lies) has
> KBW > been exposed. You're welcome.
>
> m(a)rl@go > Merely checking resources, no harm in that.
>
> Kent acts like he can't tell a "what if"
> discussion or a question from an assertion.

He certainly jumped on that one quickly.

> m(a)rl@go > I suspect the whole shell-account life is just that.
>
> KBW > You can suspect anything you wish.  That
> KBW > you have to dishonestly present that
> KBW > Lindsay's on the board when no such claim
> KBW > has been made, directly or through
> KBW > implication, tells that you aren't being honest.
>
> m(a)rl@go > It would be a logical position for someone
> m(a)rl@go > of her credentials to hold, would it not?
>
> Kent's probably only sorry HE didn't think of it!
>
> Isn't it incredible that a phone number that
> according to Kent was UNASSIGNED when
> somebody said it was his a few years back
> is now publicly registered to a Kent Wills?

It is interesting.


> That's quite a coincidence, that the
> ""other Kent Wills" would be assigned
> a phone number which ""our"" Kent Wills
> was ""mistakenly"" accused of owning before that!

And he continues to have issues with your rather obvious use of the "other kent wills" sarcasm.


> I'm thinking it's probably his fax/computer line.
> Or a hotline to his payee.

Plausible.

> http://www.napavalleyregister.com/business/columnists/mcnichol-and-tillem/article_b114b8e0-e9a3-591d-a18e-666e40f04f8c.html
>
> A family protection trust
>
> By McNichol & Tillem Friday, August 1, 2008 12:00 am Updated: 2:20
> pm.
>
> Dear Len & Rosie, We have three grown children with children of their
> own and we have a trust. We want our children to be the beneficiaries,
> but want to set it up so that, should they divorce, the spouse would
> not have a right to the inheritance.
>
> I know that an inheritance comes into the marriage as separate
> property but I thought that, if the pool is used for community
> expenses, mortgage, etc. that the whole thing could become community
> property. Yuk. Is there a way to ensure that it will stay separate
> property? We don't mind if our children purposely use the funds for
> their families, but would like to set it up so that they can keep the
> remainder of the inheritance should they divorce. What should we be
> looking for? — Patricia
>
> Dear Patricia, Most parents think the way you do. They don't want to
> look down from above and see their ex-son-in-law driving a Lexus
> bought and paid for with their daughter's inheritance. Normally, you
> do not have to worry about your childrens' spouses inheriting anything
> from you. They will get nothing upon your deaths, unless you
> specifically say so in your wills or trust. What you have to worry
> about is what happens to the inheritance once it's in the hands of
> your children.
>
> An inheritance is separate property, but many children, either by
> mistake or on purpose, commingle their inheritance with community
> property assets, or even transmute their inheritance to community
> property. There are a couple of options available to you to help your
> children not do this.
>
> The first is education. The trick to keeping separate property
> separate is to keep it separate. While that may not make much sense,
> it can be pretty simple. Your children should know to put any
> inherited assets into brand new accounts in their names alone,
> preferably at different financial institutions. Then, they need to
> know that they should never put anything else into these accounts that
> may be community property. If your children create trusts to avoid
> probate, these accounts should be identified as being their sole and
> separate property.
>
> A better alternative is for you to leave your children their inherited
> assets within a family protection trust. The idea here is that if your
> children receive their inheritance within its own trust, with each
> child being his or her own trustee, your children will have a safer
> means of protecting the separate property nature of their inheritance.
> It's meant primarily for the “good” children who are able to manage
> themselves. The trust will make payments to your child for purposes of
> support and education. The trust can buy a home for your child to live
> in, but it's best for the home to be held within the trust. That way,
> if a child is divorced, his or her inheritance from you will be
> protected.
>
> There are three other principal benefits to a family protection trust.
> First, since the child doesn't really own his or her inheritance
> within the trust, it's largely protected from creditors through the
> trust's spendthrift clause, except for taxes and child support debt.
> Second, all or a large portion of the trust assets can be exempted
> from estate tax when your child passes away.
>
> On top of all this, you have the ability to place restrictions on how
> your children may dispose of their inheritance upon their own deaths.
>
> You can prohibit your children from leaving all or most of the family
> protection trust to their spouses, for example. With a family
> protection trust you can literally and legally create a dynasty
> intended to benefit your family for generations. — Len & Rosie
>
> Len Tillem and Rosie McNichol are elder law attorneys. Contact them at
> 846 Broadway, Sonoma, CA 95476, 996-4505, or www.lentillem.com. Len
> also answers legal questions each weekday, noon to 12:45 p.m., and
> Sundays, 4-7 p.m., on KGO Radio 810 AM.
>


--

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