I'm a young guy from Turkey and want to buy 10k worth of stocks without owning them. I want to give my 10 year old sister a fortune in 20 years when she exchanges the stocks, so she can have a fearless adult life, unlike me. Buying something without owning it is a freedom for me. I don't want to own the stock. I want to keep that secret info. I don't want to include with these stocks. I don't want to affect them and I want them to be untouchable in any scenarios. Maybe I will go to prison one day or lose my life or someone sues me in the future, then the government takes away my money.
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I think you need to talk to a financial advisor and/or lawyer that knows the legal details in your jurisdiction.
The normal vehicle to protect assets is to set up a trust. However, trusts are complicated and there are a lot of laws and regulations. If you are concerned around running into a conflict with your local government, you may have to set up a trust in a different country, which makes things even more complicated.
I commend you for wanting to look out for you little sister, but you will need professional help to do this. This is way too complicated for internet advice.
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One of the simpler alternatives would be Private Pension System in Turkey.
It would be in your sister's name, so unaffected by any personal financial trouble you would go through. Your sister will have the opportunity of early withdrawal. Early withdrawal does have tax implications, which depending on investment period and gains can be larger or smaller than capital gain taxes would be. If she keeps the investments until official retirement age, she'll avoid taxes and also get a state matched contribution.
A potential benefit of this is that it can have a bit of a psychological threshold before resorting to withdrawing a pension fund. Thus your sister might be less likely to just spend it, and it will always be available as a emergency fund to provide stability.
jpa
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This is called a trust - you can set it up such that the assets inside it can only be transferred to your sister and only after twenty years have passed. She would be the beneficiary - the person who will eventually benefit from the trust, but does not necessarily have control over what it does.
There are lots of details involved with setting up a trust that will protect the contents from personal lawsuits against you as the grantor or from your sister trying to access it immaturely - all of this is best done by a financial advisor or tax attorney who make their whole careers out of helping people like you do exactly this.
AAM111
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It's probably worth mentioning stock options as a way of getting exposure to stock appreciation without ownership. But they're not suitable for such a long timeframe.
alekop
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