Bulletproof Trust Explained

Bulletproof Trust Explained

The Bulletproof Trust by PWA is a complex irrevocable private express trust. It has the ability to distribute or not to the beneficiaries - at any time by consent of the board of trustees. It is also setup for general welfare (charity) needs. A spendthrift trust is a trust designed so that the beneficiary is unable to sell or give away her equitable interest in the trust property. Any trust can become this by simply using the right language.

Carlton Weiss was our founder and he wrote a short book on the subject that you can find here for a complete explanation: Carl Weiss Trustee Handbook.pdf

See the following excerpt from BPTS:

The trust we’ll be discussing from hereon is the Irrevocable Express Trust, a private, lawful, legal, valid business organization that stands on its own. It has the right to own property, engage in business transactions, reduce and incur liabilities (including tax liabilities depending on the activity which renders it liable to pay the tax). The express trust is a private contract doing business under the general common law of contracts. So as long as no benefit, privilege or franchise from any government or outside party is received, the trust owes no duty to any government or outside party to the extent that no common-law criminal or civil wrong has been committed.
 
With Express Trusts - the Contract Makes the Law - The terms and provisions of the trust will establish the entire contractual arrangement, including the identities, positions of the parties, trust's name, jurisdiction and situs and all particulars of administration all of which the courts of equity will fully support by the principle that equity compels performance. Clews v. Jamieson, 182 U.S. 461, 21 S.Ct.,45 L. Ed 1183 (1901)
 
Once you declare the Express Trust, it is a bona fide legal entity having a separate & distinct juridical personality. Brightham vs. U.S., 38 F. Supp. 625 (D.C. Mass. 1941) appeal dismissed 122 F.2d 792 (reported in Title 26 I.R.C. 31, p.356) | Waterman v. Mackenzie, 138 U.S. 252 (1891) | Burnett v. Smith, S.W. 1007 (1922) | Muir v. C.I.R., 182F F.2d 819 (C.A.4 1950)

In Berry v. McCourt, 204 N.E.2d 235, 240 (1965) the court held that the Express Trust is a “contractual relationship based on trust form”; and in Smith v. Morse, 2 Cal. 524, it was held that any law or procedure in its operation denying or obstructing contract rights impairs the contractual obligation and is, therefore, violative of Article I, Section 10 of the Constitution. Because the Express Trust is created by the exercise of the natural right to contract, which cannot be abridged, the agreement, when executed, becomes protected under federally enforceable right of contract law and not under laws passed by any of the several state legislatures.
 
While the express trust can exercise rights similar to corporations, the express trust (when properly executed) is in no way meant to be confused with being a corporate entity which operates under legislative/statutory law. Corporations are fictional entities that come with benefits, privileges and statutory jurisdiction while express trusts are afforded all the common-law protections ordinarily given to private contracts and may do anything that any person sui juris may do. Alfred Chandler summed it up perfectly...

"Express Trust puts the legal estate entirely in one or more (persons), while others have a beneficial interest in and out of the same, but are neither partners nor agents. This simple, adequate, common-law right, any person or group of persons sui juris may exercise. The Trustees issue certificates of beneficial (and capital) interest divided into shares, as well as issuing bonds and other obligations, as freely as they open a bank account, have a pass book, and draw and circulate checks, or make whatever contractual relations are allowed to persons as a natural right.” - Alfred D. Chandler


With any purchase, you receive lifetime updates and support. Bulletproof Trust Secrets provides everything you need to create an irrevocable express trust organization. See the following explaining the course modules in detail: