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financial domme? - 1/2/2010 8:56:28 AM   
StefByrne


Posts: 3
Joined: 6/11/2009
Status: offline 		I've never tried this before, but some slave is insistant on doing it.
What are the legal ins and outs to keep my ass out of jail?
He tried to sign a contract after telling me he was drunk which i assumed was a big NO?
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RE: financial domme? - 1/2/2010 9:25:28 AM   
RedMagic1


Posts: 6470
Joined: 5/10/2007
Status: offline 		I've known a few people who have done it.  When people have asked me if it's worth getting into, I've always said no, because it can break so bad.  Maybe the worst situation in the US is what happened to GoddessMine, who used to be a regular poster here.  Her life was essentially destroyed.  My advice is to talk to a lawyer, and steer clear.

That said, here's a thread with useful how-to's, and discussion of the ethics involved.  Be careful.

http://www.collarchat.com/m_2636493/mpage_1/tm.htm


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Not with envy, not with a twisted heart, shall you feel superior, or go about boasting. Rather in goodness by action make true your song and your word. Thus you shall be highly regarded, and able to live in peace with all others.
- 15th century Aztec

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RE: financial domme? - 1/2/2010 9:32:11 AM   
lobodomslavery


Posts: 2477
Joined: 1/17/2008
Status: offline 		My advice
1. DONT do it
2. Dont do it
3 DONT DO IT

It s too much hassle. The one thing that broke our economy was greed for what we did not have and it will break your ass it. Dont do it. Its his money . Leave him. Have no regrets . Get a job. Dont thirst after what you dont have.
You earn by the sweat of your brow
Kevin

(in reply to StefByrne)
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RE: financial domme? - 1/2/2010 9:56:07 AM   
Lucienne


Posts: 1175
Joined: 9/5/2009
Status: offline
quote:

ORIGINAL: StefByrne
He tried to sign a contract after telling me he was drunk which i assumed was a big NO?


Yes. A very big no. What's the guy looking for? Does he want you to entirely take over his finances? What are your legal concerns? Worried about being charged with prostitution, or something else?

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RE: financial domme? - 1/2/2010 9:59:43 AM   
StefByrne


Posts: 3
Joined: 6/11/2009
Status: offline 		he wants me to "take over his life" :|
I told him he could send me as many tributes as he wanted, nothing would happen to him if he did not as he would not be my slave untill a contract was signed.
He sent me 80 fucking quid :/
I assume my ass is safe, as it was merely a tribute with no strings attatched?

I'm just worried about legal stuff. because I have no idea of the legality of erotic financial domme / blackmail?

< Message edited by StefByrne -- 1/2/2010 10:00:38 AM >

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RE: financial domme? - 1/2/2010 10:00:25 AM   
Lockit


Posts: 11292
Joined: 5/7/2007
Status: offline 		Are you serious? Is it a big no to sign a contract while drunk? You have a sometimes drunk person pushing you to do something.. you know little about? Stop putting the blame on the person pushing you and wake up to the fact that you are not firm in what you are doing and are clueless about things someone else wants you to do. The answer is in you, not that other person. If you don't have the common sense to know that signing a contract with someone that is drunk is bad or even questionable whether said contract can be enforced by you or anyone else or not... you aren't in a position to create such contracts or do anything that might cause you some legal trouble.

Getting informed is a great idea... maybe you can learn some things... but if you are starting out this clueless... it will take a while before you are ready to off someone of their money and to do what it takes to get said money.

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RE: financial domme? - 1/2/2010 10:03:28 AM   
LadyAngelika


Posts: 8070
Joined: 7/4/2004
Status: offline
quote:

I'm just worried about legal stuff. because I have no idea of the legality of erotic financial domme / blackmail?


A notarized power of attorney as well as a signed statement that this was not done under duress should do the trick.

Not my kink, but if you're into it, get informed like Lockit says and cover your ass.

- LA

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RE: financial domme? - 1/2/2010 10:22:52 AM   
Lucienne


Posts: 1175
Joined: 9/5/2009
Status: offline
quote:

ORIGINAL: StefByrne

he wants me to "take over his life" :|



I don't know the law in the UK. This is not legal advice. Setting aside all bdsm aspects for a moment, the reality of taking over someone's life is that your actions must consistently be in the best interest of the other person. You would have fiduciary duties to that individual that would prevent you from self-dealing or financially benefiting from your stewardship of his money other than some fair market value management fee. The master/slave roles are actually reversed, with you owing many duties to the man and him owing very few to you. It's a spectacularly bad idea to take on this kind of role if you truly expect to benefit from it in a "weeee! free money!" sense. Because if he's asking you to do that, then he is setting you up (intentionally or not) for serious trouble.

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RE: financial domme? - 1/3/2010 5:38:25 AM   
choccywoc


Posts: 1919
Joined: 9/7/2009
Status: offline 		I wish someone would give me their money, if they did i would'nt worry about legal this, that or the other. All i would worry about is spending the damn stuff. Why are you bothered? I don't like to get into this area but all the money that changes hands between Doms & Subs, is that all taxed? I don't know what happens in the US. But over here, very little will be declared. In reality, it's large scale tax evasion, to which the Inland Revenue, turns a "blind eye" for whatever reason. 

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RE: financial domme? - 1/3/2010 5:54:51 AM   
vincentML


Posts: 9980
Joined: 10/31/2009
Status: offline
quote:

I wish someone would give me their money, if they did i would'nt worry about legal this, that or the other. All i would worry about is spending the damn stuff. Why are you bothered? I don't like to get into this area but all the money that changes hands between Doms & Subs, is that all taxed? I don't know what happens in the US. But over here, very little will be declared. In reality, it's large scale tax evasion, to which the Inland Revenue, turns a "blind eye" for whatever reason.


I am not part of it but from what I understand we in the States have a very large and thriving underground economy, thank you very much. It would be interesting to know what percentage of GDP goes underground.

To the OP, what you describe is a fairly common fetish. I doubt if the contract is worth the paper regardless of whether the guy is drunk and will be abrogated once he has ejaculated a few times. Accept the money and the contract if you wish but only with a scan of his driver's licence or passport on it and without your sig.

Don't expect him to stick around very long. Findommes live in homes with revolving doors, I suspect.

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vML

Our lives begin to end the day we become silent about things that matter. ~ MLK Jr.

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RE: financial domme? - 1/3/2010 6:14:48 AM   
choccywoc


Posts: 1919
Joined: 9/7/2009
Status: offline 		From my experience of the British Judicial System and probably the US as well, any such contract is meaningless.
And remains in the realms of fantasy within such a relationship.

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RE: financial domme? - 1/3/2010 6:28:35 AM   
vincentML


Posts: 9980
Joined: 10/31/2009
Status: offline 		Agreed.

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vML

Our lives begin to end the day we become silent about things that matter. ~ MLK Jr.

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RE: financial domme? - 1/3/2010 6:45:01 AM   
UmbraDomina


Posts: 491
Joined: 7/22/2008
From: SE Michigan
Status: offline 		I don't see any where or anything that states what you want, why would you allow a submissive to inform you of what they will be doing or how you will interact with them?

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Alexandra ~

~~ And I will show you something different from either your shadow at morning striding behind you Or your shadow at evening rising to meet you; I will show you fear in a handful of dust..... T.S. Elliot ~~

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RE: financial domme? - 1/3/2010 8:41:35 AM   
Lucienne


Posts: 1175
Joined: 9/5/2009
Status: offline
quote:

ORIGINAL: choccywoc

From my experience of the British Judicial System and probably the US as well, any such contract is meaningless.
And remains in the realms of fantasy within such a relationship.


Generally, yes. The D in the situation certainly couldn't take it to court and have it enforced. But it is possible to have a document (power of attorney being an example) where you take legal authority to act on behalf of a person and certain duties follow from that. These "slave" contracts are generally unenforceable on their own terms, but can be used as evidence in support of a variety of criminal and civil wrongs.

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RE: financial domme? - 1/4/2010 2:35:36 AM   
choccywoc


Posts: 1919
Joined: 9/7/2009
Status: offline 		Yes, that's quite right.

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RE: financial domme? - 1/6/2010 10:31:09 AM   
StefByrne


Posts: 3
Joined: 6/11/2009
Status: offline 		Thank you all for your advice.
Though i'm not usually into this stuff I've agreed to allow him to send me a monthly tribute equal to 1% of his annual salary as his discretion (not posting information on the internet).
A tribute only though, after reading your words i've decided not to go down the blackmail route, as it doesn't seem worth it.
As i'm aware tributes are tax free?
If he wants to send me money and jack off over it i'm going to let him.

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RE: financial domme? - 1/6/2010 10:39:41 AM   
Lockit


Posts: 11292
Joined: 5/7/2007
Status: offline 		I don't believe that most tributes or any cash gift are tax free. There are tax stipulations you need to be aware of. Talking of blackmail... just think about it a moment. If there are tax stipulations you are unaware of... gifter keeps record of or can show proof of giving you a cetain amount of money in a certain amount of time and you haven't covered your ass... I would think he/she has a blackmail point. lol

It is best just to not try to get something for free and/or to cover your ass and know what the fuck is what if you are going to play the game. Call someone who knows about these things tax wise.

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No matter how old a woman gets, some men will think she was born yesterday! ROFL... I love this place!


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RE: financial domme? - 1/6/2010 11:55:08 AM   
vincentML


Posts: 9980
Joined: 10/31/2009
Status: offline 		There used to be, and maybe there still is a gift giving limit of $10,000 before the donor was obligated to pay taxes, to prevent old fuckers from giving away their estates and avoiding estate taxes. Doubtful he would be keeping records of his donations and reveal them to the IRS. But just for a mental exercise, suppose his income is way more than $100,000 and suppose for some reason his books were audited and he were asked to account for the missing one percent of his income? Just supposing this scenario here. I really don't have a fucking clue about any of it on the tax end.

But, I also agree with Lockit, if he kept records that would somehow implicate you it could be a problem.

You might consider having the money laundered through a third party which itself would be illegal, I suppose, but I promise to be very careful.

_____________________________

vML

Our lives begin to end the day we become silent about things that matter. ~ MLK Jr.

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RE: financial domme? - 1/6/2010 1:57:29 PM   
marine87


Posts: 27
Joined: 5/5/2007
Status: offline 		I definitely agree with Lockit on the taxes. In my eyes there is no such thing as "free money". I know uncle sam wants every dime I've made on stock market. I'm deployed and still refuse to give anyone my power of attorney, I feel that a person's wealth should never be forced into being given away, I know I've worked hard for every dime I've made out here still just above minimum wage to civilian standards but damnit its my money.

Daniel

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RE: financial domme? - 1/6/2010 8:31:58 PM   
LadyEllen


Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline 		The only safe way is to accept the money as a gift pure and simple. But even then I should expect tax implications at best; it would be difficult to argue that the money is a gift if this person is not related to you or otherwise a close friend of such means that such a substantial gift is well within his means. Impossible to argue that it is a gift from anyone, if it arrives every month like clockwork - there are only so many occasions for gift giving through the year after all.

And if you are on any sort of benefits the DWP may take an interest too; 9/10 of cases at the local magistrates Court are prosecuted by the DWP and they have some sweeping investigatory powers so this must be considered. Failing to notify them of your changed circumstances - the money youre getting every month - is an offence.

If I were the investigator, DWP or otherwise, it would take me about ten seconds to make a case that this money was either earned income or the fruits of criminal endeavour.

My advice is to steer clear, unless you declare it and pay tax and set it up as a side business offering something vague like "lifestyle coaching". Even so, a business with one client is often seen as employment, not a business in its own right - and that would drag you into all sorts of complications.

E

< Message edited by LadyEllen -- 1/6/2010 8:34:51 PM >

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