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 corporation. The Trustees' liability is limited by the trust, and the trust documentation is not subject to subpoena, whereas corporate officers are bound by legislation and cannot escape service of process or subpoena of records.
Related Articles
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 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 ...
Can a Trust Start a C-Corporation or S-Corporation
Yes, a trust (with an EIN) can start a C-Corporation, but not an S-Corporation. S-Corporations do not allow trusts these same rights. The trust cannot serve because only a natural [living] person can serve as a corporate officer. Although a private ...
What Cases Support The Private Express Trust
THE ROCKEFELLER TRUST CASES Gary Allen ‘The Rockefeller File’ 1976 Press, Seal Beach California Standard Oil Trust involved in Rice vs Rockefeller 134 N.Y. 174, 31 NE 907 Watson vs. Standard Oil Co., 49 Ohio 137 30 NE 279 BUSINESS TRUST LAW CASES 13 ...
Bulletproof Trust Explained
The Bulletproof Trust by PWA is a complex irrevocable private express trust. It has the ability to distribute or not to the beneficiaries - at any time by consent of the board of trustees. It is also setup for general welfare (charity) needs. A ...