X-Message-Number: 10851 From: "Thomas Nord" <> Subject: Trusts and a bit guns. Date: Sun, 29 Nov 1998 04:34:26 +0100 Sweden are not famous for liberal taxlaws, the trustfundlaw was very liberal, now changed for better and worse, and may be changed again. Our laws are in one thick book and easy mostly to understand. For those of you in US, Bermuda may be an option, translations are one problem. We over here like to keep our assets closer to us. A Swedish "Stiftelse" are ruled by a special fairly new law. Its like putting money in a company but with no owner. Depending on its use Holland may be better, Ingvar Kamprad whos starting up IKEA furniture warehouses all over, has his there. I have only told what I've done, dont normally give legal advice, only for friends with moderation within limits of time, are normally busy on the stockmarket, but will pursue this common interest to a limit unknown now. Sorry for this disclaimer, I had the same situation 8 years ago, gave some help to someone who wished to sell a house to me, got emergency legal aid from me instead after begging phonecalls for aid with the promise to pay for my hundreds of lost hours, I now have in court to get paid for and have an out of court settlement he broke after one week. I will not write trusts for others I assume for the time being, a lawyerfriend of mine have also read that law. Anyway you can not have a personal family-trust tax-free here, I have a more public trust written to suit me. I wouldn't like to have one like that with our taxes. Instead I have a trust written as seem to suit me in its rules. A public trust must give away at least 80% of its income within 5 years, for research i.e. Cryonics or what I work with otherwise. So its not your money anymore. Open for foreigners here I dont know without checking but guess so. Its then all up to the board what to do. I have not had time to compare it with personal trusts abroad, once I know where I will sign up and live I will check it up more, since I imagine its a little hard to feel the wibes abroad from the government here if they start to dislike trusts more. They are already rewising the new law due to some cheating in collectionfunds, not in my area where we dont cheat and dont collect, after a model from the very rich earn honest money and give away instead. A lot of Swedes have trusts in i.e Lichtenstein and Gibraltar due to other forms of business, mainly of taxreasons. As I stated the government has already made fuzz on taxation but was stopped when I wrote of what good-doers they chase abroad then. Its not the end of the world to pay some taxes, but I rather let it go to research I decide on instead of i.e. asylumabusers as cost a lot here and the majority here dont like to provide for. Therefore my fund has a rule to go abroad if its not tax-free here. So far I've compared to have it abroad to some extent and hasn't found any benefits so far. One danger pointed out are the CO2 and what will happen when infrastructure fails, OSB ladies (are there any?) and gentlemen. There are so few ladies in here people may think we all are a bunch of single whackos at a glance. Good news are that at least some Swedes are trying to get free energy out of photosynthesis within 20 years, as may go much faster or slower. Catalytic converters in cars are now damaging the natural photosynthesis, as makes our oxygen to breed, by sending out gases destroying the ozonlayer, unknown to most people at least here. The guncontrol comes in a little bit here too with a little risk when its tempting to attack someone with a trust. Today we had a shootout in a Swedish town, ending with 3 in hospital and 2 in jail. Heard of the bus in Seattle, and saw the case of Williamson in CBS 60 minutes, a mentalcase who flipped out and shot several unknown to him when he stopped taking profylactica after his doctor Lipkin got retired, got hospitalcare and 500.000$ in a lawsuit against the doctor! That are more likely to happen when handguns are more in use, and almost impossible to avoid. As far as I understand most families dont carry their handguns around a lot, mostly have them at home and cant stop any maniacs such as this. Trying to be neutral and not knowing whats the best in US casual or considered, I just see what seem to be the best here with a little bit of the same problems, perhaps get rid of handguns as much as possible and have a rifle at home. On our education TV I saw programs on riskcalculation, I often do those for myself and can not always follow statistics, i.e. rather drive belted in a safe car than fly even though the book says flying is safer. If moving over to US I may get a gun even if the book says its more risky. Its all a matter of nerves and what we do. Just saw When animals attack, better have a gun at hand then. Reasons for and against are not hard to find. Trust in guns or have guns at trust? Todays wordgame at Saturday night? After a long healthy(?) walk in snow ice and slosh struggling to get food home. Sincerely Thomas Nord Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=10851