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mccw

Member Since 2009-06-16
Offline Last Active Today, 14:52
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Topics I've Started

A Matter Of Trust

2012-03-20 18:48:21

Any help / advice please from you knowledgable fellows.

My in law has a London property in trust for his daughters but relies on the income for all his living expenses. Since he recruited full time care the amounts received had to be looked in to as not enough. It looks like these people had been ripping him off for years. £30,000 to 40,000 in fees and admin charges per year on an income of 130,000. Is this not absurdly high?
When asked to explain themselves and provide detailed accounts they wanted only a face to face meeting but now it's been months of delays and no paperwork provided. Now this month they have said they will not be able to pay him anything for the next several months! No specific time or reason provided other than unspecified fees due.
He has lost any paper work from the original agreement , if there even was any; who set this up 30+ years ago was meant to be his good friend / business associate.
The trust is based in Mauritius. They change address this year 3 times already.
What can be done?
He needs this money to survive.
Could they rob not just the money income but the house completely?

There is one trustee who agrees this is not right- the other is who set it up and his wife is the "protector". Does this mean it is effectively mean its stuck with the 2 cheaters and nothing can be done?

We tried the police- seems to me it's fraud or theft - but they say can't do anything.  

Thank you.

Zopa. What Do U Make Of This?

2011-12-31 04:59:38

An article about it:
http://www.thisismon...r-own-bank.html

And the site itself:
http://www.zopa.com

I won't be using it myself but thought it might be of interest to tv people's.
Wondering what peoples thoughts on it. Think I'd rather borrow than lend to test it out first if I was going to get involved. Could be not a bad option for some people.

Cheers

Best Way To Profit From French And German Down Fall?

2011-12-10 04:05:09

Dear experienced players. I'm wondering what vehicle best to use for.. a- to profit from short term downward movements in the cac ; and b- longer/ medium term ie 1-3 years negative movement.
Thanks
To me it looks like the more the decent but fragile EU members such as France and Germany (but France foremost) collatoralise, put funds up etc on the line for the rubbish countries the more risky and worse it will be for their own economies; as is starting to being shown in their bonds price. Every step they make "forward" to me looks like a step closer to screwing themselves. So how best to profit from their down fall?

Silver In Thailand

2011-11-22 06:14:39

Is there sales tax on silver bars in Thailand?
Where is the best / reputable place to buy it? Any where specifically in Bangkok or chiang mai easpecialy would be appreiciated!
What is the standard percentage purity?
And what is the stand mark up on the global spot price?
Thanks very much
(if I were to take some back to UK would I face any customs restrictions on personal or larger amounts?
Cheers

Restrictions On Money Leaving Thailand? (For Thai)

2011-10-29 20:47:11

Hello.
My wife would like to move 1million bht to England. From Thai bankok bank to Lloyds bank in UK; both accounts are in her own name/ same name.
Is there likely to be any problem or paper work, tax, restriction or anything else?
If it matters? the Source of the money and reason for transfer ie what it will be used for can all be proved.
Thanks

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