Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

Silent Trust Funds and FAFSA Financial Aid

Don’t Silent Trust Funds Constitute a Massive Loophole in Financial Aid Calculations?

My morning was spent reading the New Hampshire Bar Journal, Winter 2010 edition because I was interested in a piece by Joseph F. McDonald, III called Migrating Trusts to New Hampshire: The “Why” and the “How”.  New Hampshire, along with a very few other states, allows the existence of something known as a “silent trust” or “quiet trust”. It made me realize: I think a person could use these to drive a truck through the college financial aid process.

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1 ounce American gold eagle bullion coins on wooden background

This Is the Kind of Business Behavior That Disgusts Me

How can people do this and live with themselves?  This is the sort of thing that if I were running a company, I don’t care if we made millions of dollars a year in profit doing it, I’d shut it down.  I believe it is immoral.  Sure, it breaks no laws that I know of but it strikes me as ethically wrong.  It is the reason we need stronger consumer protection laws in the United States.  I believe it preys on the ignorant; the people who don’t know any better and who are trying to secure their future.

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One of the Most Important Lessons About Life and Making Money You Can Ever Learn

In 1927, Hugh Roy Cullen was approached by Jim West, a wealthy lumberman who had invested in projects with Cullen in the past.  On a Saturday, West called Cullen to his downtown Houston office, where he made the following offer: I’ve got $3,000,000 lying around.  And I’ve got the West Production Company, which don’t amount…

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory