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My parents shrewdly and pre-emptively reorganized their "estate" (feels silly calling their meager savings that) with a lawyer that specializes in this. In Cen
by gaelenh 9y ago
My parents shrewdly and pre-emptively reorganized their "estate" (feels silly calling their meager savings that) with a lawyer that specializes in this. In Central Florida, their are enough retires that many know what's at stake (RE: OP article, plus other money grabs when elderly required assisted living), and lawyers have setup to attempt to prevent it.
While listening to my dad explain it all, I wrote down "Stripe Atlas for old people's estates" in my idea notebook. Another poster mentioned setting up nested LLC's, just a service to scale and productize it. Not just for the elderly either, I can think of a lot of people that would want the protection and power of obscuring money that real estate developers and politicians have benefited from for years. It would be a real game changer.
- lozenge 9y agoIt could quickly be mimicked by less scrupulous people though?
- ringaroundthetx 9y ago> Not just for the elderly either, I can think of a lot of people that would want the protection and power of obscuring money that real estate developers and politicians have benefited from for years. It would be a real game changer. We live in a world where private persons and business entities no longer require bank accounts and can nominally hold cryptocurrency like bitcoin and Monero, or stable value cryptocurrencies, without anybody knowing. The world you imagine already exists, and doesn't require a new startup or incremental half steps to make it exist. This is knowledge you can accept or reject now to wait till 2040 when the people that didn't reject it are now being pulled through the courts in divorce proceedings, estate reorganizations, or are in the political limelight.