Irrevocable Non-Grantor Complex Express Trust with Discretionary Spendthrift Provisions

Irrevocable Non-Grantor Complex Express Trust with Discretionary Spendthrift Provisions

Yes, the Bulletproof Trust is an Irrevocable Non-Grantor Complex Express Trust with Discretionary Spendthrift Provisions under common and contract law. The trustee manages the assets, makes all decisions and adds/removes trustees and beneficiaries at their discretion.
    • Related Articles

    • Decanting an Irrevocable Trust

      Decanting allows trustees to change some provisions of an irrevocable trust by 'pouring' the assets into a new trust with modified terms. Decanting may be authorized by the express terms of the trust instrument, by common law, or by state statute. ...
    • 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 ...
    • Simple Trust vs Complex Trust

      Simple Trusts must meet criteria set by the IRS: Must be a non-grantor trust Must distribute income earned on trust assets to beneficiaries annually Make no principal distributions Make no distributions to charity Complex Trusts must do one of the ...
    • Learn to Express the Trust (Why Accepted For Value Doesn't Work)

      The problem has been the lack of knowledge on the effects of trusts on our lives. We can become Master, not slave. Not to be construed as legal advice, Learn to express the Trust Technology views everything as a trust first, and not as a construed ...
    • Louisiana Has French Civil Law vs English Common Law - What To Do

      The French civil law applies to any Louisiana state citizen who claims their natural rights without federal jurisdiction, e.g. not claiming to be a 14th Amendment Citizen. The laws are similar, save three scenarios: (1), gifts are more easily valid ...