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

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 1 week ago (4 children)

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"

[–] [email protected] 2 points 1 week ago (3 children)

You don’t have to go to Nebraska lol.

[–] [email protected] 1 points 1 week ago (2 children)

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

[–] [email protected] 2 points 1 week ago (1 children)

Nebraska's biggest claim-to-fame is being neither South Dakota nor Nevada

[–] [email protected] 0 points 1 week ago

Are you sure? They all look the same in my head

Honestly, I was going to say North Dakota, but I wasn't totally sure which Dakota it was, so I picked Nebraska