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 organization.
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What Is The Benefit of A Private Express Trust vs Corporations
The private express trust is governed by its indenture (trust contract), unlike the corporation which is a government franchise and governed by statute. Trustees are the sole authority and are afforded more leverage than a board of directors of a ...
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.
Does One Need A Lawyer To Set Up A Private Express Trust
No. In fact, a member of the BAR cannot create what one can create privately themselves. BAR membership is governed through the Inns of Court by the Templar Temple, a private corporation whose only allegiance is to the City of London, a private ...
What Is A Private Express Trust Organization
As defined by Alfred D. Chandler, Esq. in a report submitted to the Tax Commissioners of Massachusetts on unincorporated associations circa 1911: “Express trusts put the legal estate entirely in one or more persons while others have a beneficial ...
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. ...