Asset management by a Mistress (Full Version)

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sever1n -> Asset management by a Mistress (1/3/2011 1:06:21 AM)

Hi, I am very interested in learning about the legal way (documents, advice, hints) of handing over to someone else (my Mistress in my case) all personal asset management. I've read a bit about Power of Attorney but not sure it's the best way to go. Just to be clear, everything about this is consensual, my Mistress and me both want this, and we would go through any needed formalities. Also, we want this to be as far reaching and irreversible as possible. Ideally, She would automatically receive and become owner of all my income and assets, from monthly salary to future inheritance. Any thoughts about how to practically accomplish something close to this much appreciated, thanks!



sever1n -> RE: Asset management by a Mistress (1/3/2011 1:15:38 AM)

Just an afterthought, failing to achieve the situation described above, is there any legal/financial way of binding oneself so tight to another person's will that the other person would be able to enforce financial decisions for the first person? I am thinking mainly of legal ways, that could practically be used by the Mistress without Her being at risk of a blackmail lawsuit against Her, so naked images/movies are probably out of the picture ;-) . For instance, is there a way to create a huge fake debt to the Mistress that She could, if needed, use to enforce Her decisions? Am thinking of something like an IOU or promissory note of say, 100 million euros or so. Interested in how to avoid tax trouble for things like these, since the money never existed in the first place and also how to make it so that the resolution of a potential lawsuit by the Mistress to "obtain" the money, i.e. strip me of all my assets, is as quick as possible. Thanks again!



DesFIP -> RE: Asset management by a Mistress (1/3/2011 4:37:47 AM)

There isn't one. Moreover since wiitwd is illegal, all you would need to do to undo this is claim duress or blackmail. Why don't you contact a lawyer to get legal advice instead of people who aren't in your state and don't know your local laws? Oh, I know. You don't want your lawyer to know the truth about what you're into.



sever1n -> RE: Asset management by a Mistress (1/3/2011 4:57:32 AM)

Thank for replying DesFIP. Me not wanting a local lawyer to know what I am into is one possibility. Another possibility is that the lawyer might have trouble understanding what it is exactly that I want, or even not be interested in knowing much about it, whereas other people here may have actual experience in things like this. So, before going to some more or less random lawyer, which I plan to do, I wanted some feedback from like-minded people.

Also, as I've mentioned, I understand achieving something like this is very difficult if not impossible, but some of it may be achievable to some degree in various places. Further, my local laws, while of importance, are not the only ones that matter, as I would probably be able to relocate to a place where something like this is possible to a larger degree.



kdsusa7894 -> RE: Asset management by a Mistress (1/3/2011 8:05:50 AM)

Power of Attorney may be the closest you can get, as your Power of Attorney they control all your assets, from that time forward anyway. They receive and dispense as they see fit. I am not sure why you feel the need to make it so irrevocable and complete though. I would never do that. But that's just me....



sever1n -> RE: Asset management by a Mistress (1/3/2011 8:34:25 AM)

Thanks for your informative and kind reply kdsusa7894. Regarding why I would want that, I suppose it's a matter of both taste and trust: it is a very big turn-on for me _and_ I trust (and love) my Mistress completely.



MistressEllen444 -> RE: Asset management by a Mistress (1/3/2011 8:40:56 AM)

Get married, next best thing to ownership and if one decides to leave then you can give any half you are entitled to legally.

Aside from that, move to TX. I have a POA for my mother (drawn up and executed in TX) and after several attorneys in CA looked at it and shook their heads I understood that only a fool would execute one there with someone their life did not depend on. Short of proving absolute premeditated fraud, you (she) can take everything and do just what you want with it.



igor2003 -> RE: Asset management by a Mistress (1/3/2011 8:55:40 AM)

Your profile says you are in Romania.  Most of the replies you receive here about legal issues will probably not accurately reflect your local laws.  You need to research only laws that apply to the country you are in.

The idea of being financially bound and indebted to someone for the rest of your life makes for a good fantasy, but a very harsh reality.  I would suggest that you re-think the whole idea at some time when your brain has access to your full blood supply.  But, it is your life...do what you will.



madaneX -> RE: Asset management by a Mistress (1/3/2011 9:37:49 AM)

A very simple way is just gifting it to her. If you have a home put the deeds in her name. Take money out of your account put it in hers....and so on. Power of Attorney is usually used for those without the capacity to act on their own behalf. However, the good advice given is to look into the Laws that govern your Country or indeed state as the variations are immense.



Lockit -> RE: Asset management by a Mistress (1/3/2011 12:16:14 PM)

Where I have lived, I had to prove there was cause for my being in charge of my son and all matters that concerned him. He could have agreed and did agree, but we had to have medical proof that it was needed, beyond that.



DesFIP -> RE: Asset management by a Mistress (1/3/2011 5:33:36 PM)

quote:

ORIGINAL: kdsusa7894

Power of Attorney may be the closest you can get, as your Power of Attorney they control all your assets, from that time forward anyway. They receive and dispense as they see fit. I am not sure why you feel the need to make it so irrevocable and complete though. I would never do that. But that's just me....


Except it can be revoked at any time. And if the assets are mishandled, the person goes to jail for embezzlement. Power of Attorney is to protect the person, not steal from them.



sever1n -> RE: Asset management by a Mistress (1/4/2011 3:43:47 PM)

Thanks so much MistressEllen444 for Your very informative answer! Will look further into it.



sever1n -> RE: Asset management by a Mistress (1/4/2011 4:19:51 PM)

Thanks for your thoughtful reply igor2003.

Since my Mistress and I have been living together for well over a decade, and also, I've been researching how to make this a reality for quite some time now, please believe me my brain has had numerous rencontres with the blood supply, and even if not so, it won't be getting better very soon ;-)
Please understand that, even though I do place a lot of emphasis on reason myself, sometimes "Love (really) knows no bounds". And I think one can love someone else so much that they are willing to trust them with the entirety of their earthly possessions, all that without being insane (more than usual for a person in love).

To explain my perspective a bit, while I am pretty sure my Mistress won't ever throw me out on the street when She will be able to do that, _even if She will do it_ I will still love Her and try to see Her, even from a distance, and I'd even love Her for doing it and by loving Her I'd still be happy and have a meaningful (for me) life, even if I were dirt poor and lived on the street (as a lot of other fellow humans do, unfortunately). I think it's related to something I have experienced first-hand, namely, that after I've managed to love Her enough, at some point Her love for me became almost irrelevant, meaning that I love Her almost without caring if She loves me too (even though all signs say She does love me).

So, while my intention does seem quite irrational at first (by irrational meaning prone to failing the basic human goal of having a happy life), I don't think it really is so, since I'd be reasonably happy with both outcomes (getting thrown out or not). Moreover, if we denote by P1 the probability of me getting thrown out and by H1 the happiness of my life if thrown out, and by ~P1 the probability of me not getting thrown out and by H2 the happiness of my life in this case, I think that while H1 is quite possibly not very high, P1 is quite low, but ~P1 is 1-P1, so quite high, and H2 I suppose is very high indeed, even higher than my current happiness Hc. So, I think the risk is worth it :-)



sever1n -> RE: Asset management by a Mistress (1/4/2011 4:25:03 PM)

Thanks a lot for your replies madaneX, Lockit and, again, DesFIP!
Indeed, that's one way to go madaneX, and it beats doing nothing :-)



Prinsexx -> RE: Asset management by a Mistress (1/4/2011 4:36:03 PM)

quote:

ORIGINAL: sever1n

Thanks for your thoughtful reply igor2003.

Since my Mistress and me have been living together for well over a decade, and also, I've been researching how to make this a reality for quite some time now, please believe me my brain has had numerous rencontres with the blood supply, and even if not so, it won't be getting better very soon ;-)
Please understand that, even though I do place a lot of emphasis on reason myself, sometimes "Love (really) knows no bounds". And I think one can love someone else so much that they are willing to trust them with the entirety of their earthly possessions, all that without being insane (more than usual for a person in love).

To explain my perspective a bit, while I am pretty sure my Mistress won't ever throw me into the street when She will be able to do that, _even if She will do it_ I will still love Her and try to see Her, even from a distance, and I'd even love Her for doing it and by loving Her I'd still be happy and have a meaningful (for me) life, even if I were dirt poor and lived on the street (as a lot of other fellow humans do, unfortunately). I think it's related to something I have experienced first-hand, namely, that after I've managed to love Her enough, at some point Her love for me became almost irrelevant, meaning that I love Her almost without caring if She loves me too (even though all signs say She does love me).

So, while my intention does seem quite irrational at first (by irrational meaning failing the basic human goal of having a happy life), I don't think it really is so,
since I'd be reasonably happy with both outcomes (getting thrown out or not). Moreover, if we denote by P1 the probability of me getting thrown out and by H1 the happiness of my life if thrown out, and by ~P1 the probability of me not getting thrown out and by H2 the happiness of my life in this case, I think that while H1 is quite possibly not very high, P1 is quite low, but ~P1 is 1-P1, so quite high, and H2 I suppose is very high indeed, even higher than my current happiness Hc. So, I think the risk is worth it :-)


Wow be careful and slow down on the getting thrown out bit. (It happened to me, not as part of a bdsm arrangement I might add, but as a corollary of an abusive relationship. I can assure you it's not exactly safe or indeed sane to willingly allow oneself to be homeless, hungry and at risk.
To go back to your original question. The law of your land may differ. But there are only two ways to enable a partner to legally 'own' what you have. The first is marriage. The second is power of attorney both of which has been mentioned above in the thread. If she goes for power of attorney there would normally have to be some medically recognised grounds for why you could not manage your own affairs. Either physical, or mental or a combination of both. Now I don't think it's possible to simply state you are incapable. It would need expert certificarion.
I say this in support of what you say you want as I do understand it completely from the submissive point of view. I am so happy for you that you are so in love.



sever1n -> RE: Asset management by a Mistress (1/5/2011 1:30:19 AM)

Thanks for Your insightful and sympathetic response Prinsexx! And yes, You are right, obviously my quality of life would be way lower than at present if thrown out, but 1) it would still feel kinky and lovable in some sense to me and 2) I estimate the probability of it actually happening as very low, based on experience and mutual understanding with my Mistress.
You say this happened to You non-consensually, and am sorry for it, though I wonder if it hasn't also made You stronger in some sense too.

Regarding the technicalities, in my country I don't think one legally owns through marriage what their spouse owns. However, the good news for me is that, as I've read, from the beginning of this year, a marrying couple can also have a prenuptial agreement (these weren't legally recognized before far as I know).
Regarding Power of Attorney, from what I've read, I don't think one has to invoke medical reasons for it where I am. But it does have the limitation that it can be canceled at any time as DesFIP wrote above. So, I guess I'll have to go to a local lawyer and see what I can achieve with marriage and a prenup or with PoA or with a combination of both :-)

Thanks everyone for Y/your informative and understanding replies, have a great life!




crazyml -> RE: Asset management by a Mistress (1/5/2011 2:02:53 AM)

~FR~

You'd need to get the advice of a local lawyer, but one avenue might be the creation of a Trust. Assign all of your assets to the trust and make your Domme the sole Trustee.




isoLadyOwner -> RE: Asset management by a Mistress (1/5/2011 2:13:46 AM)

From your profile location it looks you need to find a kink friendly Lawyer in Timisoara, Romania who isn't worried about helping you end up homeless (either that or this is a troll thread).




sever1n -> RE: Asset management by a Mistress (1/5/2011 2:38:08 AM)

Thanks crazyml for the trust idea, it's something that I haven't thought of (one more thing to ask a local lawyer about).
Thank You for the reply isoLadyOwner, and yeah, that about sums it up nicely. And no, not trolling at all but genuinely curious about avenues I should talk to a lawyer about. I didn't go directly to a lawyer mostly because I think they are generally focused on how to prevent their client from ending up homeless, whereas I would like one focused on making it legally _possible_ for me to end up homeless (not making me homeless).




DommeKeliDallas -> RE: Asset management by a Mistress (1/5/2011 3:06:03 AM)

Nothing is forever...nothing.



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