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. Protection from excessive divorce settlements.
8. Avoids probate.
9. Avoids inheritance tax.
10. Avoids estate taxes.
11. Avoids court actions.
12. Eliminates attorney fees.
13. Eliminates or reduces Accountant fees.
14. Eliminates Executor’s fees.
15. Eliminates or reduces Income taxes.
16. Frees tax dollars for capital appreciation.
17. Provides complete control over one's assets through trustees.
18. No public record.
19. Ownership and title can be passed to heirs in complete secrecy.
20. Trust is perpetual — The Trust lives on continuously.
21. Heirs cannot change, challenge, or contest any wishes at one's death.
22. The Trust is easy to maintain and very inexpensive.
Of course, everyone always want "more details" so here is a detailed, yet partial, list of activities the trust may freely enjoy:
Transfer one's assets into the trust in a completely safe, legal and absolutely confidential way
Acquire more property in any state and obtain the manufacturer statement of origin (also known as a manufacturer certificate of origin)
Use the trust property in a fairly similar way to when one personally owned it, except now one does not have the liability associated with residence or property ownership
Exhaust an administrative remedy by protecting the property in question and removing it from a dangerous jurisdiction, or by providing a designated receiver of the funds one stands to gain by succeeding in the remedy
Own, operate and transact any business in the name of the trust without involving one's name in a personal capacity or exposing one's financial history or credit to risk of lawsuits, claims, fines, penalties, and legal problems
Form a partnership, statutory trust or certain other types of statutory legal entities using the trusts instead of one's self personally and their people
Avoid all Federal excise taxes and State taxes imposed on corporations and other statutory entities
Avoid probate entirely by making the death into a simple change of leadership, rather than a change of ownership that would normally require courts to get involved. When courts get involved, heirs often develop an illness called Litigation Stress Disorder as their inheritance is reduced by up to 50% in many cases, a legal theft in broad daylight. In fact, the best advice on how to avoid probate can be given in 3 words: asset protection trusts
Divide trust property up into shares and issue certificates of beneficial interest (fairly similar to shares of stock)
Accept investments from family members or associates, thereby accumulating and growing the trust property
Appoint a designated authorized representative or business trust fiduciary to act on one's behalf in order to avoid having to administer trust affairs one's self
Issue bonds of all sorts and raise cash for the trust's projects according to one's personal and business goals. In a similar sort of way, one can accomplish these goals vicariously through the trusts as long as one follows certain well-established guidelines
Trade stocks and bonds in the name of the trust
Avoid all personal risk and liability on contract obligations
Take the first step toward legal invisibility and get out of the system without making enemies within the system
Gain cheap asset protection for a temporary purpose like property transfers to eliminate risk and liability, or just to protect family members or associates during vulnerable moments
Create a land trust that hands land down for the next generation without any disputes over title. In fact, the best advice on how to create a real estate trust and how to create a trust fund can be answered in 3 words as well: asset protection trusts
Use asset protection secrets that keep wise individuals and organizations from taking a major hit during an economic recession/depression. HJR 192 may have been repealed, but the economic system it created lives on. It will die a violent debt-stricken death and take many unaware people with it
Do whatever an individual man or woman may do, but in the name of the trust. This is what John Rockefeller meant by his famous “own nothing, control everything” speech.