How Should The Trust Be Named
There are no rules to naming a trust, except the word "Trust" must be the last word in the name (e.g. ACME Trust). Any standard trust for every other use (public or private) can be named anything one desires (e.g. JCD Trust, Car 001 Trust, etc.). Do not use personal names for a trust (e.g. John Doe Trust). Use anything that is not a name for a person, even initials are OK. The name is really only seen when creating contracts with another organization in public commerce, and most will not care about the name of the trust.
NOTE: If a trust is a Faith Based Organization (FBO) a name like Christian, Methodist, Spiritual, God, etc. is suggested.
Does One Need to Name a Beneficiary
Every trust MUST name a beneficiary, but it does not need to be named in the Trust Corpus documents. In fact, it is explicitly stated that for privacy concerns, the beneficiary will be named in the Trust Minutes of the very first Trust Meeting. The ...
Legal Counsel / Attorney to Help Setup One's Trust
Yes, if one is looking to have an attorney draft the trust, rather than give legal counsel - one will require a local (state) attorney that is willing to put aside their BAR License to work in a private capacity. Further, insure that they are ...
Should One Give The Virtual Mailbox Company A Personal Name or The Trust's Name
Sign up personally under one's own name and tell the mailbox center the name of the trust's name that will be receiving mail.
Can a Corporation Have The Same Name As The Owner
C-Corps can have any name, even that of the owner. The suggestion to NOT name an entity after an owner/trustee/grantor only applies to a trust so it's not seen as a Grantor/or/Family Trust.
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 ...