Bulletproof Trust Secrets
Are Operating Trusts Always Public
Yes. This type of trust will typically have public contracts (a bank account, credit cards, loans, etc.).
Does an NDA (Non-Disclosure Agreement) Benefit The Trust
An NDA has a benefit when commercially viable assets, information or trade is set to occur between two separate entities. The public realm should only know of an Operating Trust due to its public interactions, but the remaining trusts in the trust ...
Wire Transfers and Lawful Money Redemption
Unfortunately, the way wire transfers are conducted - there is no paper trail for one to indorse acceptance of funds in lawful money. Therefore, a check or other form of payment should be the first lawful money indorsement before a wire is accepted. ...
Can The Bulletproof Trust Protect Against Criminal Charges
No, a trust cannot protect a human from criminal charges, it protects assets from civil charges. If the criminal charges are a victimless crime (no person was injured or had loss of property), then there is the ability to beat the charge with Beat ...
If State or Country Allows Trusts to Last In Perpetuity - Is Rule Against Perpetuities Needed
Even if a location allows a trust to last forever or at least an extended period of time, it cannot be used for the Bulletproof Trust. These laws are statutory, while the trust is private and must follow the common law rules where possible (e.g. rule ...
How To Move or Change The Trust Address / Situs
The initial address is created when the trust indenture is notarized. There are powers to move the trust situs as needed. To move the trust situs, make a note in the trust minutes. This officially changes the location.
When Hiring An Attorney - What Criteria Is Suggested
We cannot recommend the exact attorney for anyone's specific and personal needs; however, when choosing an attorney to help with a Bulletproof Trust - any attorney familiar with defending a trust in court will be able to provide adequate legal ...
Should A Trust Certificate Be Recorded or Not
We cannot tell anyone what is best for their trust; however, most students only file a Certificate of Trust (e.g. signatures from both grantor and trust of trust's existence) when building corporate credit with a trust - otherwise most avoid doing ...
What Is The Letter of Banking Authorization
The Letter of Banking Authorization gives a third-party the ability to perform a banking action on behalf of the trust, which can be limited or unlimited in it's latitude (e.g. just open a bank account one time OR transact with bank accounts as seen ...
What Is Schedule F Used For
Schedule F lists additional trustees that may have classes not ordinarily defined in a typical Board of Trustees, like a clerical, account or advisor trustee.
Is The Trust Indenture Subject To The Laws In The Grantor or Trustee's State
It is customary for the indenture to have its situs (e.g. location) in the grantor's state and thus be subject to those state laws; however, the trust is a private contract and thus the situs may be placed anywhere deemed worthy for reasons of ...
Is It Ok If The Trust Bank Account Is Opened Online By Email or Fax Only
If the bank has contacted one to open an account by filling out an application and sending in the required documents (i.e. trust indenture, any successor or co-trustee signatures for acceptance of office, IDs, etc.) by email or fax, this will not ...
Does The Private Security Agreement or UCC-1 Need To Be Filed
The Private Security Agreement (PSA) does not need to be filed, although it can be filed with the local county recorder if so desired, please review COURT PROTECTION SECRETS > ARTICLE III COURT FILING INSTRUCTIONS. Should the PSA be required due to a ...
What If One Has No Trustees - Can A Trust Serve As Trustee
Yes, a trust may serve as trustee. However, this will not work for a situation where only one person sits on a board with 2 other trusts serving as trustees - simply because those trusts are are controlled by the one person/trustee. This is in ...
The Bank Requires A State & Laws To Be Named
One may change Article 3.01 to "The Trust shall only be governed under natural laws of [STATE]. Where found lacking common law be its supplement." to "The Trust shall only be goverened under the laws of [STATE]." This may "weaken" the trust; ...
Beneficiary Has TWO LAST NAMES - How Should It Be Written
Whatever the legal last name is (i.e. the name on the Driver's License), that is what is how it's written in the trust indenture.
In Louisiana The Bank Says It Requires 2 Witness + Notary Due To The "Authentic Act"
Yes, that is correct. In Louisiana they have the Authentic Act which says: An authentic act is a writing executed before a notary public or other officer authorized to perform that function, in the presence of two witnesses, and signed by each party ...
Can The Private Witnesses Be: Married To Each Other, Related to Participating Parties, Etc.
The two private witnesses may be married to each other or related to participating parties to the contract (grantor, trustees, beneficiaries, protector, successor, etc.). The private witnesses may not sign if they are a participating party to the ...
When Is an Irrevocable Trust a Grantor Trust
An irrevocable trust can become a grantor trust if the trust meets certain IRS requirements. If any of these requirements are met, the trust will no longer be considered a separate tax entity and the grantor is taxed on trust income. 1. The Grantor ...
A Trustee Is Legally Underage - What Language Should Be Added
We do not suggest underage trustees and cannot give language to support that. This is a situation that must worded by the user and will typically be placed in the MISCELLANEOUS section.
Lloyd's of London Insurance
There is no proper term to use when requesting "bank deposit insurance", but the insurance company (i.e. Lloyd's of London) should protect against the bank going insolvent or a bank run creating a liquidation issue for one's deposits. NOTE: Lloyd's ...
Can Successor Trustees Vote
No, unless it is in regards to election of a new Trustee or if the Successor holds a position on the Board of Trustees due to another incapacitation.
Can Assets Be Transferred If Payments Are Still Left (Mortgage or Loan)
Yes, one can transfer assets with payments still left. For example, a car will have a Bill of Sale stating the loan amount left. A home will have the Quitclaim Deed showing the amount still remaining for the mortgage.
Can The Trust Address Be A Personal Home Address
Yes one may use a home address; however, where possible, avoid mixing personal and trust addresses, phone numbers, and other data. If trust and personal affairs are mixed too heavily to the point a court cannot tell “who is who,” the trust will be ...
Does Every Transaction / Purchase Need To Go Into Trust Minutes
Yes, keep records of everything the trust does in the trust minutes. At the very least record general details (e.g. Home Depot = $47.30, Groceries = $103.11, etc.). A check can be written or money withdrawn to help beneficiaries with purchases. All ...
What Countries Allow The Bulletproof Trust and/or Lawful Money Redemption
Mexico, Canada, Poland, Australia, UK have been able to create trusts. Poland & Mexico have drug trafficking problems so they do not allow trust bank accounts (thus the reason they may need to create a corporation instead). Regarding lawful money ...
How Does One Determine if "Cestui Que Trust" Is Right
Cestui Que Trusts are often used to avoid probate. All other trusts do this, but the CQT was made for passing on assets only.
Would a Gun Trust / NFA Trust Be Setup Like An Operating Trust
Yes **See article: Creating Separate Trusts for Firearms and Home for specific instructions on how to accomplish this.
Do All Public / Operating Trusts Require a Bank Account
Typically yes, if one is going to accept funds, have assets in the public, etc.
Can 1 EIN Be Used For 3 Different Trusts
No. Each EIN is to be attached to a unique entity/trust. 3 trusts will require 3 EINs. And remember, any trust that does NOT have a bank account does not require an EIN.
Where Is The UCC-1 & Private Security Agreement Found
These documents are found in Section 3: Trust Web Secrets & in Section 7: Trustee Legal Library
There Is A Prior UCC-1 Filed By Myself As Debtor & Creditor - What's Next
A "strawman UCC-1 filing" is considered null and void (ab initio) by most courts. It is seen as "YOU" indebting "YOURSELF" to protect "YOU/SELF" - thus viewed as circular logic. We are not here to argue the points of the Birth Certificate, SSN, SPCs ...
The Assets Have UCC-1 / Prior Judgement / Lien Against Them - How Can They Be Protected
One cannot transfer assets that have a prior lien, judgement or UCC-1 filed against them; however, the equity can be exchanged for Capital Interest Certificates. Then when assets of any value are required to be declared, the Capital Interest ...
Does The Trust Bank Account Need To Be A Personal or Business Account
One does not need a business account for the trust except when building corporate credit. What matters is that the account is non-interest bearing.
How Are Capital Interest Certificates & Beneficial Interest Certificates Paid Out When Trust Ends / Vests
Capital Interest Certificates (CIC) are paid to owners when trust vests BEFORE Beneficial Interest Certificates (BIC) are exchanged. An account will probably be required to determine amount of assets, divided between CIC and BIC holders. CIC holders ...
What's The Difference Between Capital Interest Certificates & Beneficial Interest Certificates
Capital Interest Certificates (CIC) are issued based on an exchange (outside funding) going into the trust res - think of it like a stock. Beneficial Interest Certificates (BIC) are issued based on the Board of Trustees decisions and the trust ...
Rule Against Perpetuities: What Happens After 21 Years When The Trust Vests
So as not to violate the rule against perpetuities a trust must vest within 21 years after the lifetimes of those living at the time of creation of the interest. In other words, a trust must close 21 years after the last named beneficiary who was ...
Can A Trust Have Just 1 Beneficiary
Yes, a trust can have one beneficiary. But if just a single beneficiary, it cannot be anyone who is administrating the trust.
What's The Difference Between "IN" and "AT"
IN is a general term (e.g. let's meet IN the area). AT is a specific term (e.g. let's meet AT the restaurant).
Does Protector Trustee Hold A Position on Board of Trustees
No, they are available to break voting locks and to protect the trust from a negligent or malicious trustee.
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