Bulletproof Trust Secrets
Can My Chosen Attorney Serve Me In Another State Outside Their BAR License's Jurisdiction
Yes, asking the courts for an attorney to serve on the trial despite it being outside their jurisdiction is called Pro Hac Vice, which is Latin "for this occasion" or "for this turn". In the legal field, pro hac vice is a practice in common law ...
How May the Grantor Create a Trust Without Owning Any Assets
The trust is a private contract, and the consideration needed to create a legal contract falls under The Peppercorn Rule. This rule is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the ...
The DMV Denied Registering The Vehicle Because It's In An Irrevocable Trust
Some states only permit a revocable trust to hold a vehicle; however, no current state registration forms ask if a trust is revocable or irrevocable. Therefore, most registrations can "slip through" by filling out all the necessary documents ...
New Beneficial Ownership Laws for Corporate Entities (2024)
There are new Beneficial Ownership Laws that go into affect January 1, 2024 for corporate entities. Under the final rule, a beneficial owner includes anyone who, directly or indirectly, either exercises substantial control over a reporting company, ...
What Is An Amero Dollar
The Amero is a theoretical unit of currency that would be used throughout North America. The Amero is seen as a replacement for the three currencies of the three large countries in North America, the Canadian Dollar, the US Dollar, and the Mexican ...
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 ...
Irrevocable Non-Grantor Complex Express Trust with Discretionary Spendthrift Provisions
Yes, the Bulletproof Trust is an Irrevocable Non-Grantor Complex Express Trust with Discretionary Spendthrift Provisions under common and contract law. The trustee manages the assets, makes all decisions and adds/removes trustees and beneficiaries at ...
Can An Individual's Car Be Taken in A Judgement For Debts Other Than A Car Loan
Yes, a vehicle may be taken by a creditor to pay certain delinquent debts even though one has no car payments and owns the title to the vehicle free and clear. This process is referred to as levy in aid of execution and is carried out by the ...
Can A Birth Certificate, Social Security Number or Card Be Put Into The Trust
No. Social Security Numbers, Social Security Cards and Birth Certificates are not 100% one's own property. These items are property of both the government AND one's self. This is why the relationship is referred to as a cestui que trust which is ...
Does The Trust Have The Right To Travel
No, the right to travel is inherent in the living only; however, the trust can change its situs (legal location) by vote from the Board of Trustees.
How Does the Pass-Through Trust and Holding Trust Hold Liquid Assets
Any liquid assets are held physically in a safe.
Quitclaim Deed Property with Back Taxes into Trust
Quitclaim deeds can avoid a clouded title (liens, back taxes, etc.) via an as-is deed conveyance, but the property cannot be sold to anyone requiring financing unless the outstanding liens are paid.
Can A Holding Trust Own Digital Assets For Other Entities - Especially For A Franchise
Yes, Holding Trusts can safely hold all digital assets for other entities. Much like a franchise leases licenses to produce branded content for each business owner, so can a trust.
How To Notify IRS That Entity Is LLC, Corporation or Trust
The IRS knows what the entity is upon registration of an EIN. The number identifies the entity organization structure within their records. The business’ legal name should not contain any of the corporation name endings, such as Corp, Inc, and so ...
Can A Business With Partners Be Placed Into A Trust
When required by a partnership agreement, all owners must either be notified or give consent to transfer one’s own equity to another. If such a clause does not exist, one’s own equity and interest can may transferred to the trust without consent. To ...
How Many Vehicle Trusts Should Be Created
Logically, separating each vehicle into its own trust, in case of any accidents, will have the most benefits.
How Much Will Taxes Be With Vehicle Sold To The Trust
If the vehicle is sold for $1 then the taxes are minimal. Notify the State’s DMV through a Bill of Sale of the transfer. Keep paying the car loan, if any, but now through the trust’s bank account.
Can Trustee “Draw Money” From Trust Bank Account to Pay For Service or Goods Personally
No, a trustee may not withdraw funds from a trust bank account to pay for personal services or goods that do not benefit the trust in some way. However, draws by the trust to pay trustees, for services, etc. is perfectly acceptable.
Can The Same Trust Seal Be Used Over and Over Again
Yes, each trust can use the same seal; however, when managing large assets a unique seal is highly suggested.
Can Two Entities With The Same Name, Trustee, Address Exist Within The IRS Uniquely
Yes. A new EIN is issued despite entities having the same name, trustee/grantor, address, etc. because they are unique entities in the eyes of the IRS.
Is There A Free PDF, eBook or Download To Learn More About Bulletproof Trusts
Yes, visit https://privatewealth.academy/trustee-secret for Carlton Weiss’ Concise Trustee Handbook where anyone can learn more about Bulletproof Trusts.
Can LLC or Corporation Be A Trustee
Yes, but this may expose a private trust to additional reporting with such a public entity.
The Third Party Designee Did Not Have An Answer As To The Location of The Foreign Trust
We cannot tell one what to say to the IRS. Foreign trusts must have an address or country to call their situs and that is where the trust is located.
Can Property In Probate Be Removed From Probate
No, property in probate is already within the court's system and cannot be removed at any point. The process will continue until trustees are appointed by the courts to disperse any assets after taxes and trustee fees.
Does Establishing A Trust Make Me A State Citizen
No. The trust itself is sui juris (independent) and merely has the same freedoms as a state citizen. One is a state citizen by means of being on the state's land, pledging to protect it and even when in other states one is still of their original ...
Are Foreign Trusts Suggested or Used In This Strategy
No, we do not teach on these trust structures. A foreign trust is made with under foreign laws while operating in the USA and adhering to its tax laws. The IRS is ever-watchful of these trust types and is not suggested for this and many other ...
Will The Revocation of Status Be Covered
No. This is a sovereignty / secured party creditor idea. Carlton Weiss speaks of these ideologies in the program and how the elite have defeated them in court in numerous ways. In short, a cesti que trust does not give the beneficiary (you) the ...
Are Student Loans Personal or Business Loans
Student loans are personal loans because a Social Security Number was used when applying for funding.
Can A Pet Be A Beneficiary Of A Trust
Yes, pets can be beneficiaries with trustees that have orders to care for the beneficiaries until their passing. After all beneficiaries pass, the trust vests.
How Much Are Multiple Accounts At A Single Bank Protected By Insurance
Banks don't often go bankrupt but are rather conglomerated into other-larger banks. If bankruptcy does occur, the US bank insurance agencies have a policy that the standard deposit insurance amount is $250,000 per depositor, per insured bank, for ...
Can A Home With A Reverse Mortgage Be Transferred Into A Trust
The ownership of a reverse mortgage may have contractual obligations preventing the transfer of property to another owner or into an irrevocable trust. Always ask the reverse mortgage company if a transfer of the property into a trust will violate ...
Does One State Give More Business or Corporate Credit Than Another
No, every state gives equal funding. The amounts lent depend on a variety of other factors, but the state and city are not factors to focus on.
What If Bank Demands Electronic Signature
It is a violation of law to demand electronic signature when a physical signature and paperwork is requested. In 2000, the U.S. federal government passed the Electronic Signatures in Global and National Commerce Act (ESIGN), which in tandem with the ...
Are Forever / Perpetual Trusts Made By Statutory Law Good
Perpetual entities made by a statute or state law can be destroyed by the same issuing authority. That make the Bulletproof Trust very different as Congress would have to agree by 2/3 to change the US Constitution and void the right to private ...
Should Life Insurance Policies Be Transferred To A Trust
No, do not transfer life insurance policies into a trust. Generally, life insurance proceeds received as a beneficiary aren't included in gross income; however, any interest received is taxable.
Does A Spouse Need To Sign / Agree To Transferring Property Into The Trust
All parties to an asset must agree to exchange said asset into the trust, unless the asset may be exchanged into the trust in partial rather than in whole (i.e. business ownership, cash, gold, etc.).
Can A Trust Protect My Assets Before Being Served With Divorce Papers
Yes, but the exchange of assets into the trust must occur prior to divorce papers being successfully served and may only occur for assets which are owned in whole by one’s self or can be placed into the trust in partial (i.e. business equity, ...
How Should Assets Be Transferred Legally Between An Operating Entity And Pass Through Trust
The notarized Private Security Agreement (PSA) and perfect (filed) UCC-1 allows the creditor (Pass-Through Trust) to give up certain property and/or services to secure the debtor’s (Operating Entity) assets. Many people choose to list "proprietary ...
Can Essential Equipment To A Business Be Placed Into A Trust Prior To Bankruptcy
Before a business bankruptcy, be sure to move all personal assets (car, boat, liquid assets) into at a few trusts before a bankruptcy is filed for, in case of personal guarantee of business debts. Any business equipment that is non-essential can be ...
Can One Transfer A Clouded Title / Property Into Trust
Yes, the transfer can still occur via a Quitclaim Deed (sells home as-is). An unpaid mortgage clouds title, but can still be transferred into a trust; however, the loan must be repaid in full to sell the property to any entity who requires financing ...
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