One should never own any significant thing of value in one's own name. Being the "nominal owner" makes one the public owner. Assets require privacy: So the public (including Judges, Nursing Homes, Social Services, Creditors, Ex-wives, Taxing Bodies, Etc.) should not be informed of any asset's individual's beneficial ownership interest by labeling assets with any individual's name... ever. Nominal ownership should be in a private instrument with discreet instructions. My Grandmother always told me, "hold your cards close!" Imagine, how close one should hold things of more value than cards. So clearly, putting assets in the name of a person, destroys that person's privacy interests. The title to an asset should never be held in a person's name. One who controls the name on an asset or "nominal ownership" actually dictates the terms of ownership of the asset, rather than the asset controlling the person on title. It is literally the difference between being in control and being controlled.
1. Are you struggling to make ends meet?
2. Are you borrowing from Nancy to pay Mary?
3. Have you defaulted on Credit Card Debt?
4. Are you drowning in Medical Debt?
If you answered "YES" to any of these, you may benefit from learning how to qualify for a Chapter 7 Bankruptcy.
Call 708-656-9900 today for your FREE Consultation.
10 Real Estate Closings this week! Are you looking to buy or sell? Call 708-656-9900.
Are you in need of legal guidance? Let us help you. We'd love to meet you and learn about your case. 708-656-9900
DKOFFICES.COM
Koch & Associates, PC | Cicero Bankruptcy Lawyers
DKOFFICES.COM
Cicero Family Law Attorneys | Divorce and Child Support
#AbogadoDavidKoch #AttorneyDavidKoch #BienesRaices #RealEstateClosings #FamilyLaw #Divorce #LeyFamiliar #Bankruptcy #Bancarrota #DUI #EjecucionHipotecaria #Foreclosure #ChicagoAttorney #AbogadoDeCicero #ChicagoIL #CiceroIL
YOUTUBE.COM
Abogado David Koch | Koch & Associates, P.C.
