19 Nov 09, 11:23 PM 333-528-841 CA, 3 yrs 
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Although you make some valid points 713-502-942, I have to disagree with your statements on it not being practical and that very few have made plans in the event of something happening to the Dom/Master/Owner.
Reading through from the beginning, there are several who have mentioned plans in place and if you search the topic on this site, you will probably find more topics devoted to planning in cases of sickness, death or the end of a relationship.
The Op started this topic on giving up financial assets and financial control in I.E./TPE, not contingency plans and so it makes sense that not more have mentioned trusts or accounts. As far as wills etc, I think the majority here have their own personal financial estate planning in place that really is no one elses business. Besides, a forum full of who has what in place, in regards to estate planning, is not in my mind, interesting reading.
Please keep in mind, that the majority of people on this site have been and are, in long term relationships, whatever the dynamic, and trust their lives to each other. They are not planning on going anywhere. Although it is true there are people out there who take advantage as well as those who may not think things through and are quick to give their all, I do not think anyone on this site ( well, I would hope not) is naive enough to hand over their property, money and possessions to someone they do not know and trust. For most, this is for life. 
Even saying that, there are many more on this site who do continue to hold accounts and property in their names but do not make any decisions in regards to them. It is not necessarily the legal concept of who holds the actual titles/accounts but on who actually has control of said assets. Some may have signing rights on joint accounts while some may not. Some may have accounts in their names and then may or may not have access to them.The details are not their decision. To society, they may own things, but if owned themselves, then everything they possess is then owned by another.
You yourself have said that your Master has decided you both will have a joint account. Although you are on that account, it was his decision, giving him the financial control.
All the best.  333-528-841
Life shouldn't be measured by the breaths you take; but by the moments that take your breath away
Edited 20 Nov 09, 4:28 PM by 333-528-841
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8 Dec 09, 7:25 AM 543-499-597 US, 5 yrs Y! |
The assertion that property, "by definition" cannot own property is historically inaccurate, nor does it follow logically. In Roman times slaves often saved money with which to buy their own freedom. Therefore, this is just one of many details to be worked out between the MASTER and slave, but nothing that is preordained by historical precedence. |