Should An Operating Trust Be Trustee for Master Trust or Other Trusts
That would be dangerous. The Operating Trust, being a public entity, could potentially enter into public contracts that expose the Master Trust.
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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 ...
Can Operating Trust Take Place of C-Corp, LLC or S-Corp
Yes, Operating Trusts can take the place of a C-Corp, S-Corp or an LLC in a trust web structure, and vice-versa.
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 ...
Are Operating Trusts Always Public
Yes. This type of trust will typically have public contracts (a bank account, credit cards, loans, etc.).
If Trust Requires 3 Trustees - Can One Use The Same Trustees For All Trusts
Yes, one can use the same trustees for all trusts created. The legal reasoning behind having (3) trustees, is due to the fact that having 50% control or more of a trust as trustee can lead to undesirable results when defending a trust in court. ...