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Getting a Roman Adoption to protect assets

Discussion in 'BlackHat Lounge' started by Roparadise, Feb 1, 2012.

  1. Roparadise

    Roparadise BANNED BANNED

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    I'm not sure if this is more of a lounge topic or a business topic. So I'm posting it in lounge just in case.

    John Goodman,a wealthy florida man, has adopted his 42 year old girlfriend before an upcoming civil suit by the family of the victim of a deadly car cash in which John Goodman was the fault of. By adopting his girlfriend she is entitled to 1/3 of his assets which he put in a trust,along with his 2 real children. Because of the assets being in a trust which the children will then inherent,a court cannot give the money to the victims should they win the court case.

    http://www.huffingtonpost.com/2012/02/01/man-adopts-girlfriend-_n_1247607.html

    Back in the times of the Roman,it was common for men to adopt a man(sometimes a woman,but rarely),even if he was older to protect his estate as well as forming alliances. This seems like a perfect statergy to protect yourself from court cases,but the problem is that in many states it would still be incest even if you adopted someone that was an adult. Although some people will argue that it is not legal would he did,but the law allowed him to get one,so it should still stand even in an appeals court.
     
  2. Winchester

    Winchester BANNED BANNED

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    Adult adoption is a really rare, and legally challenging case. There are better way to protect assets. That and just don't do anything that would get assets seized!
     
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  3. Roparadise

    Roparadise BANNED BANNED

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    Most states only require that the person be at least 18 years or older. In Alabama the person has to be permanently disabled and in Illinois they have to live at least 2 years with the adoptive parents before they can be adopted. The reason its rare in the United States,is because the Germanic,Celtic,and Slavic cultures which dominated Europe after the fall of the Roman empire believed that bloodlines were what is important. This later was merged into English Common law,which is what the United States bases its laws on.
     
    Last edited: Feb 1, 2012
  4. bluecrab

    bluecrab Junior Member

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    A good lawyer would probably argue that the adoption occured solely to protect assets and can be challenged.

    It goes along the same path as selling your possessions for cash so a bank etc. can't take your assets.Or putting them in a family members name setting up corporations or trusts etc. if there is a title to it or it can be traced in some way chances are you need to do it 2 years before a lawsuit or default.


    Just food for thought.
     
  5. Roparadise

    Roparadise BANNED BANNED

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    But even it did occur to protect assets isn't that just as valid of a reason,if the state that it occurred in,didn't have any requirements other then being 18+ ?
     
  6. Isis

    Isis Junior Member

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    You can do anything in Florida