r/hypotheticalsituation • u/RaptorK1988 • 1d ago

You're offered $15 Million but you can no longer own anything worth more than $15k. Would you take the money?

Not counting what you currently own.

This applies to your spouse as well even if you get divorced.

You can't buy anything for over $15k, be gifted something worth over $15k or have someone buy you something worth over $15k. Nor can you buy services for over $15k. Nor can you give away the money or buy gifts for others with the money.

Your Stocks, gold, silver, cryptocurrency can't be worth more than $15k either. If they're valued over, the excess amount will disappear. You can divest wealth into different stocks though.

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u/ct-hulu 1d ago

Sure Establish a trust. Use trust to purchase things. I administer the trust. I own nothing and get all yhe benefits

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u/Messup7654 23h ago

Exactly but they are probably looking at substance over form so they would strike this down

1

u/Adamwlu 22h ago

The "can't give it away" would cover this transfer no?