Holding your wealth by proxy.

[Fidelia]

Some people don't want undue attention because they are rich. They don't front as people that have money but allow someone else to step up as the owner if the wealth when the person is isn't.

Can you hold your wealth by proxy?

 

[King Belieal]

There are some people that don't want others to know they are wealthy and would hold their wealth by proxy. The danger though is that if a concrete agreement is not made, the proxy wealth holder can claim the wealth from the original owner.

 

[magnus2022]

I can't allow anybody to hold my wealth by proxy even the best of my friend. It is too risky and adventurous for my liking! I will keep my wealth and manage it even if it will pose a threat to my life.

 

[Augusta]

There are some people that don't want others to know they are wealthy and would hold their wealth by proxy. The danger though is that if a concrete agreement is not made, the proxy wealth holder can claim the wealth from the original owner.

I agree with you, with this type of situation one need to be very careful with the person entrusted with the wealth. Try and documents everything if possible a lawyer should be involved.

 

[Starmix]

That is risky, we cannot fully trust outsiders in our lives. I think while the owner of the wealth is still kicking, He could handle his wealth on his own. There's a bank.

 

[eLdavis]

I am also this kind of person, I like keeping things low-key. I don't like drawing attention to myself. Same way I don't like showing if I have money or not.

 

[Stardom22]

For me l can't afford doing that.l think there is no one that l can trust to that extent.

 

[Augusta]

That is risky, we cannot fully trust outsiders in our lives. I think while the owner of the wealth is still kicking, He could handle his wealth on his own. There's a bank.

I agree with you, when it comes to money and wealth we can't just trust anyone. So while alive one should care for hos or her wealth

 

[Starmix]

We will never know what would happen to our wealth. Though I think it's impossible to hire a proxy but who knows if it exists in the other countries.

 

[aninditasen]

Some people don't want undue attention because they are rich. They don't front as people that have money but allow someone else to step up as the owner if the wealth when the person is isn't.

Can you hold your wealth by proxy?

In India people who have black money try to hold wealth in someone else's wealth.

 

[freelancermaria]

It is difficult to trust others, especially when it comes to managing one's wealth. I am not comfortable with the idea of handing over control of my finances to someone else. After all, there is always the risk of theft or fraud, and the consequences of that can be devastating.

 

[Augusta]

It is difficult to trust others, especially when it comes to managing one's wealth. I am not comfortable with the idea of handing over control of my finances to someone else. After all, there is always the risk of theft or fraud, and the consequences of that can be devastating.

The word here is trust, it can be very difficult to trust especially for me. people can't be trusted with wealth