Originally posted by knotholeone
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What you just wrote is exactly what I'd call fraud. You are purposefully trying to move property such that it is out of the reach of creditors. The Last Will & Testament, or some other Probate action, is what gives "you" the property/money. You having the Executor write "your" check to your minor child, or some sibling, or anyone else... doesn't mean it wasn't your property at one time.
The only way to protect it, is for it to never be your property in the first place. This can be done by several creative estate planning tools of which I can't give you any advice on.
Suffice it to say that you can't play the shell game. That will get you in trouble... if you're caught. It's easy to get caught, though. What will you put on your Income Tax Return? What will the Estate (Executor) report to the IRS as payments? Too much trouble.
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