Pineapple Express: Someone Is Wrong on the Internet?

[Whisper-Kitten]

I’ve had a few that are starting to hit the market…for others. Had an idea for:

1) curbside grocery shopping back in the 1980s.

2) credit/debit cards for minors with “safety rails” in the 1990s

3) a men’s 3 piece suit in camouflage fabric. It hit a Paris runway a year later. Some of my other fashion ideas have been commercialized, too, but not all.

4) using HEW (now called HEMS) trusts in the contracts of athletes & celebrities under the age of majority to protect their future interests. I first pitched the idea to one of my mentors (who literally taught classes & wrote books on drafting such contracts), and his jaw literally went slack.

Etc.

Just start charging people to listen to your ideas.

 

[Dannyalcatraz]

Just start charging people to listen to your ideas.

Consulting is great work if you can get it.

 

[Dannyalcatraz]

Mod Note:

Let’s drop the explicitly political topics, please.

 

[Dannyalcatraz]

Another idea I pitched that people liked, but haven’t implemented: handling child (or spousal) support like car loans, possibly with the funds being in a HEMS trust.

1) one less way use the kid as a weapon in ugly divorces
2) kid ALWAYS gets their money
3) money can’t be used frivolously if it’s in a HEMS
4) reduces the burden on family courts
5) nonpayment of the loan shows up on the credit report

 

[Dannyalcatraz]

using HEW (now called HEMS) trusts in the contracts of athletes & celebrities under the age of majority to protect their future interests.

Clarifying for the non-lawyers:

A HEMS trust is one that can only be used to pay for the trust beneficiaries’ Health, Education, Maintenance and Support. Non-qualifying creditors can’t touch it. (As I recall, not even in bankruptcy proceedings.)

So, HEMS funds can be used to pay for things like food, clothing, housing, vehicles, medical supplies & services, and tuition, but not bitcoin, business partnerships, and other “risky” ventures.

Nothing is foolproof, of course. HEMS trusts can be depleted by unwise choices, too. A 1 room efficiency apartment and a mega mansion are both “housing”; a used Ford Fiesta and a new Ferrari are both “vehicles”.

 

[Ryujin]

Clarifying for the non-lawyers:

A HEMS trust is one that can only be used to pay for the trust beneficiaries’ Health, Education, Maintenance and Support. Non-qualifying creditors can’t touch it. (As I recall, not even in bankruptcy proceedings.)

So, HEMS funds can be used to pay for things like food, clothing, housing, vehicles, medical supplies & services, and tuition, but not bitcoin, business partnerships, and other “risky” ventures.

Nothing is foolproof, of course. HEMS trusts can be depleted by unwise choices, too. A 1 room efficiency apartment and a mega mansion are both “housing”; a used Ford Fiesta and a new Ferrari are both “vehicles”.

Someone I met, while working my way through college, was a guy who had such a trust because his wealthy parents had died in a car crash, when he was very young. I don't think that the administrators of the trust were exactly on the ball because he would buy expensive goods and appliances, stating that the old ones had broken or somesuch, then sell then for coke money.

 

[Gradine]

Sorry I didn't actually catch anything about the current conversation or anything about the topic that the current conversation was about, I just wanted to rail against my own personal bugaboo and tie it together with some barely tangential hearsay. Is that a problem?

 

[Whizbang Dustyboots]

.

 

[Whisper-Kitten]

Someone I met, while working my way through college, was a guy who had such a trust because his wealthy parents had died in a car crash, when he was very young. I don't think that the administrators of the trust were exactly on the ball because he would buy expensive goods and appliances, stating that the old ones had broken or somesuch, then sell then for coke money.

That‘s a legit exspense.

 

[Whisper-Kitten]

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