What Is A Private Trust Folder, Why Get It and Where
The private trust folder helps separate personal possession from possession as a trustee. This private express folder should typically have a locking mechanism if possible, although it is not required. Typical places to get these types of bags are from A Rifkin Co. or even eBay/Amazon by searching for "folder combo lock". If possible, get it embroidered or place an extreme-stick label on the outside saying "Property of A Private Express Trust - NO TRESPASSING".
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Why Should Someone Get The Trust
The Private Express Trust protects a person, their family and assets, limiting tax liability, inheritance taxes and funds that go directly to the government, as well as preventing garnishment of wages. With other trusts one would need a lawyer to ...
What Is The Benefit Of A Private Express Trust Versus A Statutory Trust
If one wants to use the statutory courts, whether federal or state, to have jurisdiction over the trust affairs and assets then create a statutory trust. Private express trusts are just that, private. They are the only truly private form of ...
Difference Between a Public vs Private Express Trust
An express trust is either public or private. A public trust, also known as a charitable trust, is an express trust created for a charitable purpose. A private trust is an express trust created to benefit a few persons.
What Can Private Express Trusts Do
1. Assets are protected 100% — #1 enemy in the world is litigation. 2. Protection from creditors. 3. Protection from liability suits. 4. Protection from malpractice suits. 5. Protection from employees. 6. Protection from personal bankruptcy. 7. ...
Can A Private Express Trust Operate Privately While Having Control Over A Public Entity
A private trust can hold interest in and/or liens over entities in any jurisdiction and operate from without those jurisdictions, i.e. foreign to those jurisdictions, as long as the trustee does not make minimum contacts into those jurisdictions by ...