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The Sandbox - Dallas The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here. If it's NOT an adult-themed topic, then it belongs here

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Old 03-26-2011, 09:50 PM   #1
LovingKayla
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Default Calling all finance nerds. Help me obiwan, you're my only hope.

I feel like an ant in a shopping mall. Making the right financial choices for my family is a bitch. Here's basically what I want to do...

I want to start a Childrens trust and a corporation (still deciding which one because of various considerations.) I want to fund the trust with my massage table and chair then rent it back to the Corp to get that tax boost.

I would like to talk one on one with someone willing to share and bounce ideas around. Ideas here would be greatly appreciated as well.

I think that's about as basic as I can get. Thoughts, suggestions, experience, loopholes?

Perhaps even a different set up or additional setups?
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Old 04-24-2011, 12:17 AM   #2
excitingimagination
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Hhhhmmmm, the important thing is not so much the question, but the thought process behind it!!! lol When you say children's trust, I am assuming you want to place assets in a vehicle that will be past to successor trustees??? And the Corporation idea may be perfect, however, there is some red tape involved with owning a corporation, and, one entities' expense is another's income. So some times the tax advantages aren't all they are pointed out to be. PM me all your questions, I will either know the answer or make it up!! lol
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Old 04-24-2011, 12:18 AM   #3
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oh, and almost forgot, may the force be with you!!
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