KnightofMists
Posts: 7149
Joined: 7/29/2005 Status: offline
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quote:
ORIGINAL: CalifChick quote:
ORIGINAL: subtlebottomgirl I am trying to get views of other slaves who have had to turn over all financial accountability to their owner. Okay, we get it. You don't want to hear from the naysayers... you just want to hear from people that have done it. That's the problem... I don't know anyone who has done it the way YOU are planning on doing it. You've heard from some people who had turned over financial responsibility; however, they've had safeguards in place. Your scenario has NONE. You haven't heard from Kyra yet (one of Knight's girls). She moved from the US to Canada, and if I'm remembering correctly, she turned over finances to Knight. However, I know I have read that he has provided for all of the people under his charge (both of his girls as well as the children). Her name is on certain legal documents (and the house, I think), she has access to money if something were to happen to Knight, etc. As an aside... forgive me Kyra, if I have scrambled the details... the important part is that Knight has thought ahead to the unpleasant "what ifs" in life, and provided for your future. Cali Cali.. you are mostly correct..... I have provided alot of legal protections for Kyra in the event of many possible events even if they are highly unlikely. I put her on the title of the house... she has access to the necessary bank accounts (they girls actually do the mundane banking stuff... I just look at the numbers ) We have Wills, Power of Attonery, Personal Directives (Medical power of attorney). Her name is on the vehicle.... and she actually does all our House & Vehicle insurance being an insurance broker and all..... Retirement Savings plans are in place as well and well... we have life insurance polices. I think there needs to be a distinction between handing over financial decision making and limiting ones access to the financial resources. I make All the decision with regards to the financial decisions of this house hold... BUT... I don't limit the girls knowledge or ability to exercise financial decision making if it would become neccessary. The understand very clearly when they have the permission to exercise this ability.... and will do so as they are required!
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Knight of Mists An Optimal relationship is achieved when the individuals do what is best for themselves and their relationship.
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