Trustee compensation is a separate contract whose obligation is protected under Article 1, Section 10 of the Constitution for the United States of America. All Federal excise tax and state organization and franchise taxes are legally avoided except for “income” derived from corporate stock and physical franchises under Article I § 8 Clauses 1 and 3. Express Trust is a valid legal entity in all States of the Union.
See JONES V. HABERSHAM, 107 U.S. 174, 27 L.Ed. 401 (1883); FELLOWS V. MINER, 119 Mass. 541; SOHIER V. BURR, 127 Mass. 221; SEWALL V. WILMER, 132 Mass. 131; and CROSS V. U.S. TRUST CO., 131 N.Y. 330, 349, 30 N.E. 125. A trust invalid where created, but valid where to be administered will be upheld where made. HOPE V. BREWER, 136 N.Y. 126, 143, 32 N.E. 558.