Are Operating Trusts Always Public
Yes. This type of trust will typically have public contracts (a bank account, credit cards, loans, etc.).
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Do All Public / Operating Trusts Require a Bank Account
Typically yes, if one is going to accept funds, have assets in the public, etc.
Where Should Public Assets (Accounts, Stocks, Bonds) Be Held
Funds in the public realm are typically held in an Operating Trust, which is a public entity itself. Further, one can have multiple Operating Trusts.
Should An Operating Trust Be Trustee for Master Trust or Other Trusts
That would be dangerous. The Operating Trust, being a public entity, could potentially enter into public contracts that expose the Master Trust.
Can A Private Express Trust Operate Privately While Having Control Over A Public Entity
A private trust can hold interest in and/or liens over entities in any jurisdiction and operate from without those jurisdictions, i.e. foreign to those jurisdictions, as long as the trustee does not make minimum contacts into those jurisdictions by ...
Can Operating Trust Take Place of C-Corp, LLC or S-Corp
Yes, Operating Trusts can take the place of a C-Corp, S-Corp or an LLC in a trust web structure, and vice-versa.