What To Do If You Become Rich!

(This Refers To USA Bank Accounts... Canada Is Different)

1.. Change your number.
Make sure the new number is unlisted. If you don't, every Tom **** and Harry will be knocking down your door when they find out about your new circumstances.

2.. Contact an attorney that specializes in taxes and trust accounts.

3.. Set up your family trust(s).

4.. Contact your bank(s) and set up POD accounts.

5.. Do not deal with banks that have derivatives and hedge funds.

6.. Set up CDARS accounts.

7.. Pay off ALL debt.

8.. Fix everything that needs repair.

9.. Upgrade your personal, home, auto and umbrella insurance.

10.. (Consider ransom insurance too!)

11.. Set aside enough liquid funds for you to survive for 2-3 years. This should account for every expense you have on a monthly basis - don't go short!

12.. Invest in precious metals (like gold & silver).

13.. Go to seminars to learn to make money through SMART investments.

14.. PAY YOUR TAXES!

15.. Pick your friends wisely.

16.. Someone will be "watching you" so you'll want to do the following:

1.. Be very low key (non-descript).
2.. Don't flaunt your newly obtained wealth.
3.. Open up a secure Email address.
4.. Get a new cell phone number; cancel the old one.
5.. Get a P.O. Box
6.. Put a security system in your house.
7.. Install high security Medco bolt locks.
8.. Install reflective film on your home windows.
9.. Consider building a safe room.
10.. Get training in self-defense / firearms.
11.. Use PGP (or better) encryption on your computer and Email.
12.. Don't trust anyone . keep your friends close and your enemies closer.

What is a POD and CDARS account?

I googled PODS and CDARS and the following is what I found.

There are additional definitions (not stated here)

pod ac·count
A bank account that is designed to avoid probate. It is a contract between the bank and the account holder guaranteeing that,
upon the account holder's death, the bank will pay the balance of the account to whomever is designated to receive the account

P.O.D. account
Definition - Noun
[Payable On Death]
: an account payable on request to an original party or upon the party's death to one or more designated beneficiaries
A P.O.D. account is one of the few vehicles for the transfer of a decedent's property outside of probate

Definition:
A type of account authorized by state law that provides for payment of the assets held in the account to one or more beneficiaries named by the account owner after his or her death, or after the deaths of both owners of a joint account. Some states also recognize payable on death deeds with regard to the disposition of real estate after the owner dies.


Referred to as a "transfer on death" or TOD account in some states.

Also Known As: Payable on Death Account, TOD Account, Transfer on Death Account

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CDARS - The Certificate of Deposit Account Registry Service

www.cdars.com/ - CachedSimilar
The most convenient way for safety-conscious investors to access FDIC insurance on multi-million-dollar CD deposits.

How CDARS Works - Where to Find CDARS? - Overview - Individuals

CDARS - Certificate of Deposit Account Registry Service - CDARS ...

banking.about.com/od/cds/a/cdars.htm - CachedSimilar
CDARS stands for Certificate of Deposit Account Registry Service. CDARS is a program that allows you to spread your money among various banks

It alludes me as to why people always want someone else to do their research for them. It is just as easy to use www.google.com or www.startpage.com [recommended] or www.copernic.com or any one of the many fine search engines and ask your question there. When you ask someone else to do your research, then we have the spawn of rumors and mis / dis-information.

Thanks HappyWelshGuy for your accurate clarification.

Another way to guarantee NO PROBATE is to use a Living Funded Family Trust. The POD is easier though.

This is an ARCHIVE BUMP --