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re: I have a question about estate planning and what is possible....
Posted on 11/21/12 at 3:40 am to lsu480
Posted on 11/21/12 at 3:40 am to lsu480
Most very wealthy people are very concerned with controlling how their assets are disposed of and utilized even after they are dead. You can create trusts that accumulate income for a period of time until some specific conditions are met at which time the trust begins making distributions to one or more beneficiaries. I don't know whether you can hide the conditions required for distributions to begin from the potential beneficiaries.
2
Posted on 11/21/12 at 3:42 am to Poodlebrain
sell all of the assets. money divides evenly very well. 
Posted on 11/21/12 at 7:18 am to Poodlebrain
quote:
I don't know whether you can hide the conditions required for distributions to begin from the potential beneficiaries.
I don't see how this would be possible. A trust is the first thing that came to mind, but the attempt to hide the 'real' inheritance is probably not possible unless you gave (donate) all of the assets to your friend, who you hope outlives you for 10 years at least, and agrees to disburse it according to whatever schedule you have setup. I don't believe you could have anything drawn up legally to this effect -- its a vulgar substitution. Louisiana prohibits it, and I think most other states do too. Beneficiaries of trust, under most trust agreements and most state trust laws, have rights which would keep anything hid from them.
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