The Will

[Geminex]

And don't hobo kings require a steady supply of alcohol? Or do they just generate it spontaneously?

Edit: On-topic... I think AIDS research is always a good charity to give to. Other than that... I dunno, how effectively could you contribute to sub-saharan african infrastructure or education? I'm sure that donations there could potentially go a long way, but how coordinated are efforts there, how likely is corruption?

[Professor Smarmiarty]

I'd hate to meet the shoddy ass excuse of a hoboking who doesn't brew his own alcohol in the river.

[Hanuman]

All good answers, except the hookers... unless you're sadists or just want to help them (hookers often hate their jobs and can't quit), spend the extra buck and you get a porn star anyway (who love their job most of the time).

Originally Posted by Wigmund

A true hobo king doesn't require money to attain his throne.

True, but having a team of bards to follow you around and do your bidding would be pretty cool. http://www.youtube.com/watch?v=-00zjEq9PNs#t=0m48s

[Preturbed]

Ok, so I put 10% in some random charity. The rest goes in stocks or whatever has a nice high interest rate for 9 years 11 months. The last month I buy as much property as I can find for the money.

[BloodyMage]

I'm assuming that putting the 8,000,000 into a high interest bank account for ten years, so that the interest is more than enough to cover the 8,000,000 that I'll have to give back after those ten years is a breach of #2?

Otherwise just do that, and you'll have more than 8,000,000 to spend for rest of your life, no limits, no rules.

[Professor Smarmiarty]

Yeah but you would get mocked forever for being a boring fuck and come the revolution I would shoot you for our fiscal finagling.

[tacticslion]

Originally Posted by Lev

Your relative dies and leaves you 8,000,000USD.
You get a written statement that you can have the money to spend as you want as long as you meet these conditions:
1) You cannot spend it in any way on anyone you know personally.
2) Within Gaining the funds you have 10 years to spend all of the cash and by contract spend them on non-refundable assets, returning of the assets into money in any way is in breach of the contract of the will and you will get in a heap of legal trouble.
3) At least 10% must go to a single charity.


So NPF, if this happened to you, how would you play this out?

Re: 1) and 3) - does this include a charity run by someone I know personally (like my father)?

So basically, the idea (the concept) is that I can live wealthily for 10 years before having to have nothing left that I don't have now, right?

Well, would turning it into a trust-fund that (by careful investments) makes dividend money and then invests all into charities be acceptable or a legal breach? 'Cause considering I couldn't keep the money anyway I'd probably do that with half of it. (aproximately 4 million)

If not, then...

I'd probably also go on a video-game/DnD book-buying binge, and donate 800,000 USD directly each to (in alphabetical order): Bless the Children (non-demoninational, loosely affiliated with Baptist charity mission organizaion), Blessed Trinity (local Roman Catholic Church), Christ to the Nations (international missions board, runs Bless the Children), Church of Hope (local "Baptist" church), and Food for the Poor (famous international organization for the aid of others).
Sub-Total (roughly): 3,300,000 US dollars

Another question, if I have distant relatives that I don't know personally, but know of via relatives I do know personally who are currently in financial difficulty, would it be considered a breach of contract to actually a) pay of all their outstanding debts, and b) give them 50k USD each?
Sub-Total (roughly): 1,100,000 US dollars.

Finally, would it be a breach of contract to completely pay all of my current outstanding debts (not necessarily making money, but eliminating monetary drains on my personal finances)?
Sub-Total (roughly): 400,000 US dollars

With my (roughly) 3.2 million dollars left, I'd probably live well but semi-modestly over the next ten years with an allowed "salary" of roughly 320 thousand, making a 20% annual donation (64,000) to the four charities listed above (16,000/year each) and 10% (32,000) to various medical cure researches, and 10% to various scientific institutions; leaving me with 192,000 per year - more than enough to live quite well with no house payments or the like.

Other questions, touched on by Jules earlier:
~ can someone else ever use the items I buy for myself (for example, could I buy video games, decide I don't like them or want them anymore and give them away)? In other words, what's the time/statistical limit of the purchases must be selfish? What about my wife? Can I purchase things for her, considering our finances are intimately connected (we both own everything)?
~ if I buy something for a hobby (like, say, wielding fiery sword-chucks) and later end up making money off of it (by, say, selling tickets to my performances) would that count as a breach of contract?
~ if I purchase, say, a lottery ticket (a form of gaining finance with no actual business or other legal "income") with the money and win, does that count as a breach of contract?
~ if I create a (macro-)micronation, like NonCon suggested, and that nation eventually comes with its own GDP/NDP, does that count as a breach of contract?
~ if I use my own funds (those I started with before hand) to gain additional assets at the end of ten years, does that count as a breach of contract?
~ if I use the new eight million to gain a large amount of money in the middle of the ten years, do I have until the end to spend it or is simply gaining more than the initial 8 million the breach of contract?

Most of these questions center on the legal limit to how selfish the purchases must be and what, exactly, constitutes as a financial return based off of the purchases. Really the easiest thing to do with the money is simply turn it all over to charity, as the last rule is "at least" not "at most" - then you don't have to worry about legal stuff. Although you'd still not be able to enjoy the ten years of relative wealth.

[stabbity death]

It says that you can't return any asset to money. That leads to so many loopholes involving non-monetary assets.

[krogothwolf]

Buy an army and take over Iceland, they be to poor right now to fight me off!

[tacticslion]

Originally Posted by stabbity death

It says that you can't return any asset to money. That leads to so many loopholes involving non-monetary assets.

True, but the question is how far does the "no money" rule extend? Certain legal "sanctions" (I'm not a lawyer, so I may be using the wrong term, here) require that non-monetary assets remain a non-financial-boon for X amount of "generations" (be that time in days/months/years, iterations of "purchase"/trade, etc.) of any sort of economic benefit. For example: substances, or goods purchased by the funds cannot be resold for ten years or traded for equally equitable goods. I'm just wondering how literal, legal, or specific this is supposed to be as, technically, this forum is marked as "serious", so I'm trying to treat it literally and seriously. Again, does the legal hold against monetary gain pass on to those whom I pass it on to? So could I establish a trust fund run by someone I know, but that only gains money for the express purpose of charities? Or would that be a violation of contract? Where is the limit? That's what I'm trying to ascertain. Loopholes are only valid if we're told the full disclosure of the agreement. Another example: if I have non-financial assets, like, say, housing that I keep for myself (and allow no one else, even my wife, to sleep/live/rent/buy/use for ten years), then after that time sell, have I breached the contract? I am attempting to be honest in this presumed transaction.

(Re: Krogo) - humor amidst a serious discussion!

Originally Posted by krogothwolf

Buy an army and take over Iceland, they be to poor right now to fight me off!

Bah, Icelands for losers. Me, I'mma take over* Molossia!

*I could link to each video on TGWTG, but I'm lazy and Spoony's got it laid out so nice!