Bulletproof Trust Secrets
Can I Remove SSI and FICA Taxes From My Business
SSI and FICA taxes are paid still by all the employees of the business. To remove them for yourself, pay yourself as a 1099. A 1099 is an independent contractor and can choose where to place their assets. If there is no income, there is nothing to ...
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 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, but be aware that some have NADA/Kelly Blue Book appraisal requirements which will deny $1 values being listed. Once the transaction occurs between one's self and a trust, notify the State’s ...
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.
Since Past Tax Obligations Are Owed – What Can One Do Next
Working with a firm like Tax Relief Center https://www.taxreliefcenter.org/ can reduce the amount owed to the IRS via negotiation and a settlement agreement. Relief may be obtained for 30% - 95% of what was originally owed.
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 ...
Won’t Articles of Incorporation of a Nonprofit Corporation Create A Church
Articles of Incorporation of a Nonprofit Corporation are to create a Sole Corporation. These entities are registered, used as a branch of a religious organization to perform business and are exempted of taxes.
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 ...
Are Life Insurance Payouts Taxable
Generally, life insurance proceeds received as a beneficiary aren't included in gross income; however, any interest received is taxable.
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 ...
Can Someone Put Their Children Into The Trust to Protect Their Parental Rights
While the trust protects all assets within the trust, in cases of divorce, this matter is wholly separate. Yes, a child can be put into the trust; however, does the child have a birth certificate, SSN, ID cards and records? Those are all commercial ...
Is There An Assignment of Stock Form
That paperwork relates to SEC reporting and has more relevancy for a corporation's public shares than it does with trust's capital interest or beneficial interest certificates.
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