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Covert career funding |
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| Aug5-10, 03:44 PM | #1 |
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Covert career funding
This is a hypothetical question: let's say I win the lottery and I want to use the money to make sure my child is always employed and happy. Is there a way for me to transfer the money to the child in a way that they think they earned it on their own as if it were any other kind of investment spending in the economy? Also, if someone would actually do this without telling their child, and the person believed that they were living their own life independently of their parents' wealth, would this be ethical?
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| Aug5-10, 03:57 PM | #2 |
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Heh, if you somehow could get a broker or accountant to put their livelihood on the line (I'm sure this is a crime), you could fake earnings from the kids investments. Although the kid would have to grow up to be an extraordinarily naive person to let this happen since anyone making any investments will want to see their progress and be able to see its a sham when his mutual fund went up 20% on his balance sheet while any stock quote site will say otherwise.
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| Aug5-10, 04:46 PM | #3 |
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| Aug5-10, 05:09 PM | #4 |
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Covert career funding
It would probably be better to do this through a trust fund with conditions on the receipt of money. Otherwise, if one had interest in a company, such as being a director, one could conceiveably direct some research or funding involving one's child.
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| Aug5-10, 05:22 PM | #5 |
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| Aug5-10, 06:33 PM | #6 |
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