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Dan O

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Everything posted by Dan O

  1. What Asians do and you see versus what is available to them and you are 2 different things. Ive had dryers here since the early 80's and no problems.
  2. The OP says he's in the US and his funds are in the US so its not like doing this in Thailand, which I would discourage. Plenty of reputable law firms to choose from. If he gives his daughter a copy and explains the way the trust works, she could watch to make sure it happens as outlined or raise the red flag. Annual accountability can be established in the trust instructions. Can theft occur it's possible, but chances are low. He's asking for suggestions on how to solve the situation and I'm offering one. I know this can work as I was included in a family trust set up this way and all funds were paid out as instructed.
  3. Talk to a lawyer and set up a trust. You can issue instructions through that instrument. Also gain some tax protection for the funds.. You can also hire a law firm to oversee the trust including the distribution schedule and other special instructions or considerations you may want in place.There will be fees involved but its safe and you can rest easy knowing that it will be controlled and administered properly
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