Regardless of your personal religious beliefs, you'll agree
that you can't take it with you when you die. Someone else,
hopefully your family, is ultimately going to end up with
your house, car, sailboat, bank account, golf clubs, and
your other stuff.
We're all going to leave this world the same way we entered
it, with nothing!
So, in a sense, isn't all ownership of property just
temporary, since none of us can take it with us?
Regardless of how we obtained our worldly belongings, whether
through inheritance or hard work, isn't what concerns us the
most not so much the ownership of them, but the enjoyment of
them while we're still alive and the ability to decide who
will receive them upon our death?
Since all the "stuff" you've collected thus far in your life
is titled in your own name and thereby vulnerable to those
dozens of state and federal agencies prone to confiscate,
perhaps without due process of law.
Not to mention the person who slips on your front steps and
sues you for everything you've got. Since you'll surely be
giving it all away someday anyway, why not just give it all
away RIGHT NOW - while you're still alive?
WHAT IS THE ADVANTAGE TO DOING THIS?
Asset protection and judgment proofing. You can't steal
something from someone who doesn't own it in the first place.
If there is nothing titled in your own name, there is nothing
subject to seizure and therefore nothing at risk!
A house that is owned as personal property is a "sitting duck".
But rent or lease that same house from someone else and it
can't be levied to get at you, the tenant. The same applies
with leasing a car, business equipment, etc.
Many people to protect hard earned assets naively rely upon a
will which causes the estate to pass through probate, thereby
subjecting it to public exposure, potential attack by would-be
heirs, time consuming administration, long delays in the
transfer of assets, and erosion through heavy inheritance taxes.
However, the law allows the conveyance of personal property into
trust & offshore entities for the benefit of descendants and others.
WHAT ARE THE ADVANTAGES OF ASSET TRUST...?
Asset protection, judgment proofing, total privacy, guaranteed and
immediate continuity of inheritance, avoidance of wasted time and
money, and legal avoidance of estate taxes, to name just a few.
Trusts like many other areas of law in the US have been complicated
to the point that it seems like the average person has absolutely
no chance of understanding even the basic principles.
The basic principles of trusts and their management are relatively
simple.
The very difinition of a trust is a contract willingly entered into
by three parties where property is administered by one party for the
benefit of another.
HISTORY OF TRUSTS...
We do not wish to bore you with this but it is very important that
you understand that trust are not something that we dreamed up.
Trusts are a historical form of property ownership that began back
in the medieval days in England. In those times, if a knight, duke,
baron or other property owner was convicted of committing a felony
as defined by the law, or whatever the King said was a felony, the
felon forfeited all his/her property to the crown.
The kings in those days, being typically greedy bureaucrats tended
to find anyone with property guilty of a felony whenever the
opportunity presented itself.
Therefore, the property class of that time realized to protect their
property from the King, and diminish their chances of being convicted
of a felony, they had to get rid of their ownership to property while
retaining the right to use and benefit from that property, known as,
equitable ownership.
That is how trusts got started. An arrangement to help people with
property, keep their property, from the clutches of the eternally
greedy government.
WHAT IS A TRUST?
A trust is a contract. That's it, just a contract. But in its
contractual simplicity, a trust has a combination of unique benefits
not duplicated by any other form of property ownership.
In the US trusts gain their unique powers from the Consitution.
Article I #10 says that the states (all 50 of them and the federal state)
shall not have the power to "interfere with the right to contract".
You cannot contract to do something illegal, but any legal purpose can
be contracted for, including asset protection, privacy, investment
opportunities, estate planning, and just plain fun if you want.
IT'S BETTER TO HAVE YOUR ASSETS OWNED BY A TRUST, WHICH YOU CONTROL,
THAN TO HAVE THEM IN YOUR OWN NAME!
When Judge Kenesaw Landis ordered Standard Oil broken up in 1911,
John D. Rockefeller created new trusts, and gave his stock to them.
The net effect was the same as if you took your wallet out of your
left pocket and placed it in the right pocket.
In doing what he did, Rockefeller not only managed to avoid income
taxes, he also escaped probate, estate and inheritance taxes.
BENEFITS OF TRUST...
* AVOID...probate; death transfer taxes; capital gains taxes;
withholding taxes; and government meddling.
* RESTORE...privacy of affairs and control over finances and
business.
* ESTABLISH...true limited liability.
* PRECLUDE...liens; judgments; seizures; employee withholdings.
* PREVENT... messy divorce property divisions.
* REDUCE or ELIMINATE...income taxes.
* MINIMIZE or ABOLISH...malpractice premiums.
WHO USES TRUSTS?
Kennedy, Bunker Hunt, Paul Mellon, Rockefeller, Lyndon Johnson,
James Carter, George Bush families. And more than 2 million
other people.
The reports you have been reading are only a drop in the bucket
to the information you will receive by becoming one of our
consultants. Send me a message, "I want to be a consultant"
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