How Should Assets Be Transferred Legally Between An Operating Entity And Pass Through Trust
The notarized Private
Security Agreement (PSA) and perfect (filed) UCC-1 allows the creditor (Pass-Through
Trust) to give up certain property and/or services to secure the debtor’s (Operating
Entity) assets. Many people choose to list "proprietary information"
as an object given to the Operating Entity because it has unlimited value
potential. The agreement cannot result in the debtor going insolvent, so keep a
little money in the debtor's possession and update the PSA and perfected UCC-1
as new assets come in for an extremely small fee.
Related Articles
Does The Private Security Agreement or UCC-1 Need To Be Filed
The Private Security Agreement (PSA) does not need to be filed, although it can be filed with the local county recorder if so desired, please review COURT PROTECTION SECRETS > ARTICLE III COURT FILING INSTRUCTIONS. Should the PSA be required due to a ...
If Pass-Through, Holding or Master Trusts Do Not Have Bank Accounts - How Does One Transfer Assets To Them
It's true, no bank account is required for Pass-Through, Holding or Master Trusts; however, if one wishes to transfer assets there are many ways of doing so. Most students take money from the public bank account(s) and transfer it into gold and ...
Can Assets Transfer Directly From An Operating Trust to Holding / Master Trust & VIce-Versa
Due to the Private Security Agreements and UCC-1s, there is a debt obligation one trust must fulfill to another. These debt repayments are noted in the trust minutes of each trust – its that simple! The order of transfers should follow (forwards and ...
Purpose of the UCC-1
A UCC-1 can be thought of as a financing statement giving notice to the public that the trust (or other entity) has a secured interest in the personal property that is being used as collateral in a secured transaction (via the Private Security ...
How Does One Transfer Assets (Home, Car, Etc.) Into Trust
If the Grantor is the equitable/legal title holder of the asset, it may be granted into the Trust (without a necessity for probate). No matter the asset, it can be granted into the Trust's ownership. Passing assets to heirs can be done by a ...