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 his actions on behalf of the trust.
Private trusts are foreign to all other jurisdictions except to the extent they interact with a certain jurisdiction. One trust may interact with multiple public trusts and stay entirely private and foreign as long as it only interacts with private people and entities such as holding trusts.
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Difference Between a Public vs Private Express Trust
An express trust is either public or private. A public trust, also known as a charitable trust, is an express trust created for a charitable purpose. A private trust is an express trust created to benefit a few persons.
What Can Private Express Trusts Do
1. Assets are protected 100% — #1 enemy in the world is litigation. 2. Protection from creditors. 3. Protection from liability suits. 4. Protection from malpractice suits. 5. Protection from employees. 6. Protection from personal bankruptcy. 7. ...
Does One Need A Lawyer To Set Up A Private Express Trust
No. In fact, a member of the BAR cannot create what one can create privately themselves. BAR membership is governed through the Inns of Court by the Templar Temple, a private corporation whose only allegiance is to the City of London, a private ...
What Is The Benefit Of A Private Express Trust Versus A Statutory Trust
If one wants to use the statutory courts, whether federal or state, to have jurisdiction over the trust affairs and assets then create a statutory trust. Private express trusts are just that, private. They are the only truly private form of ...
What Is The Benefit of A Private Express Trust vs Corporations
The private express trust is governed by its indenture (trust contract), unlike the corporation which is a government franchise and governed by statute. Trustees are the sole authority and are afforded more leverage than a board of directors of a ...