Bulletproof Trust Secrets
When Filling Out The Template - What Address Should One Use
The address that is typically used for a trust or incorporated entity is the virtual mailbox address, followed by one's personal address. The regstered agent's address is only used when filing the with the Secretary of State.
How To List An Entity or Trust As A Beneficiary
If the trust will be the sole beneficiary, it will be listed as such: If the trust is simply one of multiple beneficiaries, another beneficiary being a living man/woman, it will be listed as such: Regarding 11.02 the changes would be made to look as ...
How To Edit The Header and Footer of Downloaded Document
FOR WINDOWS 1. Double-click the header or footer to edit, or select Header or Footer, and then select Edit Header or Edit Footer. 2. Add or change text for the header or footer or do any of the following: To remove the first page header or footer > ...
How To Add Multiple Beneficiaries To A Trust
An example of how to add multiple beneficiaries to the trust indenture is seen below. The top row is how the section looks unedited. The middle row contains ONE BENEFICIARY. The bottom row contains TWO BENEFICIARIES.
Why Is There A 9-Digit Number In The Trust Indenture Template
That random 9-digit number is to tell the difference (in court) between 2 private trusts that bear the same name, board of trustees, grantor, etc.
How To Release / End A Promissory Note
Write in the identifying information about the promissory note, including the original amount and its effective date. If there is only one noteholder signing the release, delete all references to “we” or to more than one noteholder. Enter an address ...
What Is The Difference Between a Promissory Note and Security Agreement
In general, the promissory note is a written promise to repay the loan and a security agreement is used when collateral is given for the loan.
How Does One Transfer Assets Into A Corporation (S-Corp or C-Corp)
One would create a promissory note between one's self personally and the corporation. Then create a payment schedule and an interest rate that is found in the real world (5-10%) and make monthly payments of interest and maybe principal according to ...
How Much Time Does It Take To Open A Bank Account (C-Corp or Trust)
It varies based on the bank and individual branch, but the average is 45-60 minutes for Corporation bank account and ~2 hours for Trust bank account.
Can Multiple Trusts Have The Same Grantor?
Yes. A single person can serve as the grantor for an infinite amount of trusts.
Does Chase Bank Require A Co-Trustee
Chase requires a co-trustee to sign the document, but the trustees can sign the document prior to an appointment with the bank. Bring the trust indenture and trustee appointment documents when opening the trust bank account.
Driver's License or Passport For Opening Trust Bank Account
It does not matter. The bank accepts both and they are equally private. If absolute privacy is required, this is where a registered banking agent comes in. Through a one-time appointment of an agent with banking privileges to open a bank account on ...
YES or NO: Is Trust Filing As An Estate (Section 645)
We cannot tell one what to do; however, most students answer "NO" and the reason is "A §645 election allows the executor of an estate and the trustee of a revocable trust to elect to treat the estate and the trust as one for tax purposes." The ...
Can A Trust Invoice Clients Directly
Yes it can. An Operating Trust will work just like a business; having a bank account, EIN, payment processor, invoices, etc. in the name of the trust.
How Does One Set Up the EIN (Employer Identification Number)
That picture-by-picture process can be found in SECTION 2: BULLETPROOF TRUST SECRETS below the Trust Indenture. See page 2 containing the Table of Contents, click on the section and click on the blue text that appears.
How Should The Trust Be Named
There are no rules to naming a trust, except the word "Trust" must be the last word in the name (e.g. ACME Trust). Any standard trust for every other use (public or private) can be named anything one desires (e.g. JCD Trust, Car 001 Trust, etc.). Do ...
Is It Acceptable To Have Both Digital and Wet-Ink Signatures for A Single Trust
Yes, if one is an online notarization (digital accepted here) and the other signature is an in-person (wet-ink only) notarization. That being said, try to obtain in-person notarization where possible.
Are Digital Signatures Acceptable
A digital signature with an online notary, like Notarize.com, is acceptable. It is not acceptable for in-person notarizations as the notary needs to be present as the signature is signed - that must be done with wet-ink.
Grantor & Trustee Do Not Live Close To Each Other - How Does One Get The Signatures
One may obtain signatures from other in different states by simply separating the signature lines and adding an additional notary section below each signature. The grantor and trustee notarizations may take place on different days - even months ...
Can One Move Money From Existing Account To Bulletproof Trust Bank Account
Yes, one can do this. Simply make a note in the Trust Minutes and create 1 Capital Interest Certificate in EXCHANGE for the deposit into the trust.
Is A Notary or 2 Private Witnesses Better
They are both equal. Use whichever is easiest for one to accomplish verification of documents being legally signed.
Which Virtual Mailbox Is Suggested
We like https://www.anytimemailbox.com/ personally for their low-low monthly fees. They accept physical mail and then scan it into one's email inbox for ease of use (no pickups necessary). They can even forward mail if required!
The Mortgage Is Due on XX/XXXX - Can Putting A Home In The Trust Stop A Foreclosure
No, one cannot place the home in a trust while the home is under a foreclosure proceeding. This would be considered a fraudulent conveyance. It is suggested one hire an attorney to slow the proceedings (ask the lender/bank/title company to "show me ...
These Daily Emails Refer To Videos and/or Sections I Do Not See
There are 8 Sections (new sections release every 24 hours) in the Bulletproof Trust Secrets program and 30 days of email training. The 30 days of emails is to insure everyone can make it through the program spending 20-30 minutes a day. These emails ...
Where Is Carlton Weiss' Trustee Handbook
That's already included in the Bulletproof Trust Secrets program as a part of Section 1.
Where's The Paperwork To Setup The Trust
That is found in SECTION 2 (currently page 13) BULLETPROOF TRUST SECRETS. One will find and replace the terms that are found inside the "REPLACE THESE TERMS" table and then print the document for private or public notarization.
Is It Required to Have 3 Trustees
While one can change the paperwork in the Trust Indenture to require only one trustee, the paperwork is designed to have three trustees for the following reasons: 1) If multiple trusts get called into court, due to their normal interactions in ...
Recommendations for Constitutional Trust Attorney in Each State
WARNING - LIST IS ALWAYS UNDER CONSTRUCTION!!! LEGEND: *** = PWA Recommended, ** = Student Recommended, * = Justia Recommended Alabama: https://www.clarksonfirm.com/ * Alaska: https://www.hollandhart.com/ * Arizona: https://danalawgroup.com/ * ...
How Does One Operate A Business with A Trust - Can Trust Own Business
A Bulletproof Trust can own the business, either as majority stockholder (C-Corporation only) or as owner (LLC). To transfer the business into the trust, simply sell the asset (company and equipment) for $1. The alternative is to have the Bulletproof ...
Quit Claim Deed into Trust and Tax Implications
What Is a Quit Claim Deed A quit claim deed is a type of deed that transfers ownership of real property from one person to another without any types of warranties. This means that if you receive property via a quit claim deed, you're taking it as it ...
Can Cryptocurrency Be Put Into A Trust (BitCoin, LiteCoin, Ethereum, Etc.)
Yes, everything can be put into a trust - both physical and digital. Virtual currencies, like Bitcoin, have been determined to be commodities under the Commodity Exchange Act (CEA). Whether it be cryptocurrency, a home, gold/silver, intellectual ...
Can Homes, Cars, Etc. Be Donated Into A Trust For Tax Deductions
Yes, assets can be donated into a CHARITABLE TRUST or a CHARITABLE ORGANIZATION, but rather than obtain a tax-deduction it is better to avoid the taxes 100% via a Bulletproof Trust, as stated here.
Income As A Trustee - Is It Tax Obligated
In short, money paid from the Trust to a Trustee has no tax obligation (avoiding the income tax). This follows the Legal (and Biblical) Maxim "A worker is worthy of his wage". Even statutory trusts can do this, but a Bulletproof Trust goes further in ...
What Is The Difference Between A Settlor, Exchanger and Grantor
Settlor, Exchanger and Grantor are names for the same position when creating a trust. After the contractual arrangement (Bulletproof Trust) is established, an Exchanger transfers property (Assets) to the Trust or to the Trustee(s) in exchange for the ...
Can The Trustee Be A Beneficiary or Hold Beneficial Interest Certificates (BIC)
Yes; however, a trustee cannot be the sole (only) beneficiary. There should be at least one other beneficiary - which may also be another trust that the trustee sits on the Board of Trustees for. Further, the beneficiaries may have the lot of assets ...
If Trust Requires 3 Trustees - Can One Use The Same Trustees For All Trusts
Yes, one can use the same trustees for all trusts created. The legal reasoning behind having (3) trustees, is due to the fact that having 50% control or more of a trust as trustee can lead to undesirable results when defending a trust in court. ...
Does Trust Require Series 98 (Foreign Entity) EIN
Typically, no. Unless the trust is outside the USA but prefers doing business inside the country, it is not necessary.
How Can A Trust Buy and Sell
If the trust is on the PUBLIC SIDE, it can act as any other entity or business would. If it is 100% private, it can convert physical assets (gold/silver/stocks/bonds/etc.) into cash and then LOAN money to a Home Trust or Vehicle Trust to make a ...
With Multiple Companies - Can Trust Own All Of Them
Yes; however, most students will separate risk by placing one company into one trust, another company into another trust. That way, if one trust gets into a lawsuit, it will not affect all other entities.
Does The Pass-Through Trust Hold Anything
No. It is meant to pass assets through to a 100% private trust.
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