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  • like how to legally split income from contract work to reduce personal taxable income?
  • kind of company to setup for contracts to pay yourself out of
  • setting up a trust to protect assets
  • using life insurance or other products to store income for use without being taxed on it in future or have it count as income
- like how to legally split income from contract work to reduce personal taxable income? - kind of company to setup for contracts to pay yourself out of - setting up a trust to protect assets - using life insurance or other products to store income for use without being taxed on it in future or have it count as income

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[–] 9 pts

The best advice I can give you is to get an attorney, a males rights attorney, specifically if you have children. Also document everything, every email/phone call/text message. If there are children involved, odds are she will make false accusations to DHS/child protective services, protect yourself from those by having an internal security system that records locally. You do not have to record in bedrooms but entrances to rooms and common living spaces should be enough to, and I hate to have to say this, but prove you did not do anything wrong. Which is always the burden on the man. KEEP A JOURNAL, it will help sort your thoughts and potentially act as a legal aid to help you keep dates/times more accurately. Have someone close that you can confide in, a pastor, a best friend, no mutual friends though, because they may side with her, etc. Do not ever speak about self harm or harming others, no matter whomever you confide in.

If you have a business, create an LLC at least to provide some coverage, she can go after anything if it is sole proprietor, stick almost all of your personal assets into it so that it is non liquid IE make improvements to your business, stuff you can resell after the divorce, ensure she is not a co owner etc. A competent men's rights attorney should be able to guide you, follow their advice rather than mine if there is anything conflicting. Keep everything legal and above board, hiding assets can come back to bite you with a fair judge. Do not hide things, but declare them in your business if she gets rights to access the LLC, typically all you have to disclose is your tax returns and any retirement(s) funds you have. Income generation is proven by tax returns. Consider all bank accounts you have as joint, she could be hiding money as well, those are all joint, spend them like you usually do but take into account that a judge could declare all assets snap shot on the date of separation or filing could be split.

Good Luck and God Speed. Divorce only enriches lawyers and destroys families. I pray your decisions are what is best for you and your family.

[–] 1 pt

Thanks. The lawyers I used were expensive but useless.

[–] 5 pts

I was quite surprised recently when I found out that my accountant is skilled in all of the areas you listed. You can take the lawyers advice but your accountant is the one who has experience dealing with the fallout from the lawyers advice.

[–] 3 pts

Lawyers are in it to make money for the legal profession.

After seeing a division of my great grandparents property and trust falling to shit and many lawsuits specified after their iron clad trust was not so Iron clad, I could not find a lawyer to create multiple trusts for me so each child had thier own trust so there wouldn't be any question. They kept telling me to do the same thing my great grandparents did which caused a 3 year, half a million $ in legal fees lawsuit.

[–] 0 pt

Knowing what I know now I would go to an accountant before a lawyer for something like that.

"Lawyers are in it to make money for the legal profession." Yep, but an accountant, they want to help you make money because then they can charge you more!

[–] 1 pt

Accountants are bound by thier fiduciary duty to you, where lawyers are bound to their fiduciary duty to the BAR association , creating strife and ambiguity is their job.

[–] 0 pt

Thanks. I agree after my experience.

[–] 0 pt

I hear you. Lawyers are just in it for billing.

[–] 2 pts (edited )

Good idea. I'll run it past an accountant. I did ask a friend who is a cpa, but he's not in public practice

[–] 0 pt

Thanks. I'll look into it with him.

[–] 1 pt

Get an attorney and an accountant to help with this.

its been said before, but it should be consistently said.

Get a notebook and document everything, or text yourself some messages.

[–] 1 pt

Depends on the state and county. If she's got a lawyer or a friend giving her advice won't matter what trickery you do to try to soften the blow. For business dealings and tax liability info. Tons of regular sites out there for that. My dad went through divorce. He put a lot of assets under his mom's name to shelter them. As for the other insurance shelters. I'd like to know that myself.

[–] 0 pt

If I find out anything I'll create a follow up post.

[–] 1 pt

So, how does one legally employ tax evasion to hide income from a judge? Hmm. good question.

[–] 1 pt

The only advice i have.

Track every penny you spend on children and for what. Make sure these expenses are documented with receipts.

Make sure you are spending all the time possible with the children if you have them.

Those mattered in my divorce court.

[–] 0 pt

Thanks. I'm hoping to avoid court entirely. Using a mediator now.

[–] 1 pt

Good luck! Hope it goes smoothly for you. Condolences on the rough time.

[–] 0 pt

Get some lubricant, because you're about to get fucked...

[–] 0 pt

I realized that shortly into the situation. Never get married or get some protection thru a financial mechanism of some kind.

[–] 0 pt

The Holy Koran

[–] 0 pt

Smh

[–] 0 pt

Just a thought

[–] 1 pt

That book is full of contradictions and copy paste of Christian and jew stories and text.

[–] 0 pt

Lawyer probably worth the upfront cost to protect yourself.

[–] 0 pt

Lawyer didn't provide me with any useful advice or guidance.

[–] 0 pt

sounds like a shitty lawyer

[–] 0 pt

Get a based, non jew, non liberal, non libtard White conservative male attorney. He'll lead the way.

[–] 1 pt

I looked into attorney and the ones I talked to change 400/hr

[–] 0 pt

Look for one that does it pro bono.

Arrange a payment with them under the table.

[–] 0 pt

Not easy to do. I've engaged a mediator now since she doesn't like being billed for fees either.