Mar

25

Unintended Consequences - Structuring

Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, IRS, Liens, Seizure, Trusts 

All laws have unintended consequences - results not foreseen when the legislature passed a bill and the executive signed it.

Think Governor Spitzer and structuring and money laundering.

Here is a good article on how the government can turn on you for your money even when they know the source was not from an illegal enterprise:

My Big Fat IRS case

Money laundering is even sillier.  Spitzer may be accused of money laundering for spending his own money on an illegal service.  He wanted sex, not to help a criminal organization make money.

When the government wants your stuff, any excuse will do.  One way to make sure no one comes after your money is not to expose it in your own name in your own bank accounts.

Charles Lamm

Asset Protection Iron Triangle

Hit Me with Your Best Marks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Webnews
  • MisterWong
  • Y!GG
  • BlogMemes
  • Blogosphere News
  • Blogsvine
  • co.mments
  • Colivia
  • Faves
  • Folkd
  • Furl
  • IndianPad
  • PlugIM
  • Sphinn
  • Spurl
  • Technorati
  • YahooBuzz
  • BlinkList
  • Bloglines
  • blogmarks
  • De.lirio.us
  • Facebook
  • LinkaGoGo
  • Ma.gnolia
  • MySpace
  • NewsVine
  • Propeller
  • scuttle
  • Socialdust
Sphere: Related Content

Comments

Leave a Reply

You must be logged in to post a comment.

Bad Behavior has blocked 66 access attempts in the last 7 days.

The information presented on this site should not be construed as legal, tax or accounting advice. You should consult with professional advisors familiar with your particular factual situation for advice concerning specific tax or other matters before making any decision.