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Holding all your assets in a close relative's name. Pros and Cons.

Thread starter Niyi Briggs
Start date Jun 8, 2024

S

Stardom22

Very Familiar

Member

Nov 6, 2024

#21

In my country that is a criminal offense for that matter. One is subjected to being sued against that

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cherry123

Popular

Member

Nov 6, 2024

#22

it's can't be more than my children name. No other person can be trusted. people are not just it for now

C

Clandestine

Unfamiliar

Member

Nov 6, 2024

#23

It is not safe to try holding your assets in a close relatives name unless you can afford to lose that asset to that relative.

Hate2Wait

Very Familiar

Member

Nov 8, 2024

#24

I know many do that and they only do this in blood relation so its ok but if you don't have good relationship with them then you need to be careful

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