Control but not own

poppysarah wrote: »

Rather not own it = either some sort of illegal avoidance or something else equally dodgy. Please explain - it would be unfair to ask people to help you break the law.

My only suggestion would be a limited company but you would have to be the sole shareholder/direct to get all the cash out of it - and as a direct ownership of that you would in effect own the property.

Thank you if you are trying to be helpful.

My wife knows all about it and she is trying to come up with ideas as well.

I didn't want to go into it, but we made a mistake of getting involved with an unscrupulous man who may well try to sue us in the future.

Most rich people hide assets one way or another, there is nothing wrong with it as long as its legal.

As I said a limited company would do the job as long as my wife and I are not the directors, but I want to explore other options.

Is there anyone on here who is smart about these things and wouldn't mind sharing some ideas?

Thanks for that.

All the same I what to educate my self as to all the ways of controlling but not owning property. All the smart rich ones seem to do this one way or another.

There is an Indian company that you pay to have someone sign a legal document stating that you have a large charge on the property but this other person owns it. You still have control over the book keeping and any expenses you can write off against tax.

I would be grateful if someone could point me in the right direction to more info about things like this. Apparently there is a lot of this going on but its all deep underground and those that know don't want anyone else to know how to do it.

Long story this man bought a business off us on a private mortgage. After a while his payments stopped. But of course he was still making money from the business, which was still in my name. So we worked out how much it would have been if he hired the business of us, about what he had already paid, then sold it.

He is angry said we couldnt do that, but we said you gave us no choice you broke the contract when you stopped paying what you agreed to. He thought I was a push over and tried to intimidate me. He has a reputation for taking people to court and he feels he is very good at it. He uses this to frighten people into not going up against him.

I want to never have anything in my name ever again, I have learnt the hard way. I have to get all my cash out of my name and then have a simple life.

I was even thinking about buying gold and silver and burying it. Bit extreme but thats the situation I am in.

Also I dont like solicitors, when ever I have bought and sold property or business in the past I have always done it myself never pay the ridiculous over prices they charge.