About Trusts

BASIC TRUST INFORMATION

A Spendthrift Trust Organization provides the ultimate in tax immunity, ironclad asset protection and the best way to acquire asset invisibility or privacy. When a person correctly transfers assets into one of our properly structured Spendthrift Trust Organization, he or she can maintain 100% control of, and have all the benefits of ownership, without any inherent liabilities including but not limited to bankruptcy, divorce, lawsuits, liens, levies, or death, etc.

Black’s Law Dictionary defines trust as “right of property, real or personal, held by one party for the benefit of another.” The trustee (s) hold the legal and equitable title to the property for “the benefit of” the beneficiaries. The trustee nor the beneficiaries own the property, rather these assets are held in trust and RESERVED for the beneficiaries under the control of the trustee indefinitely. Furthermore, the assets are only physically given to the beneficiaries if and only if the trustee so desires to do so. The beneficiaries have no say in the matter.

And just as automobiles were once the luxury of only the wealthy until Henry Ford came along, Global Asset Preservation has now made it possible for the average individual to take advantage of these unprecedented tax benefits once reserved only for the wealthiest families and estates.

A Brief History of Trusts

Trusts are legal entities that began as far back as the 17th Century under common law and used to transfer and manage property or assets. It is an ingenious entity empowering Trustees of the Trust to have and hold all control over that property or assets for the benefit of others. The terms and conditions of the Trust strictly define the form of the trust used and the needs of the people it is created to serve. Trusts were the first and still are the only entities that put the Equity of the Trust beyond the reach of all creditors.

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Trusts Issued

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Tax Savings for Typical American Family

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TRUST ESTATE

The property or assets that are transferred to a trust becomes the trust corpus. The Trustee of a trust is the only entity that can affect the transfer of assets, property or monies to a trust once established. A trust estate consists of all of the property (tangible or intangible), assets, cash, rights and obligations that are transferred to the trust. The trust estate is managed in accordance with the terms and conditions of the documents creating the trust. Because the property is held in trust it is legally sheltered from creditors and therefore not subject to turnover.*.

PARTIES TO A TRUST

The SETTLOR sometimes called the Creator, Grantor, Settlor or Trustor, is any person who creates a trust for the benefit of beneficiaries. To establish the trust, and realize the protection afforded, the trust should be established through an initial funding by a settlor, someone who cannot be the trustee or the beneficiary. After the trust is established, the trustee may convey additionally assets, tangible and intangible (i.e. Intellectual Property), to the trust for the benefit of the beneficiaries.

The BENEFICIARIES are the persons or entities which benefits from the trust estate. The rights of beneficiaries depend on the terms and conditions of the trust. Beneficiaries have no “equitable title” only a “beneficial interest” in the property or assets held in the trust. Beneficiaries have no right of management of the trust nor have any right to have access to business records or knowledge of trust business or actions.

Beneficiaries do not have any management or control of any trust assets EVER in a Spendthrift Trust Organization. A Spendthrift Trust Organization is “created” or given life through a “contract” by the Settlor in the form of a manifestation of intention in the terms and conditions of the trust. This is often referred to as the “trust instrument”. These “contracts” or “instruments” do not owe their existence to any acts of legislature. The authority for its creation is the common law right to contract by each party.

The beneficiaries only ever own the assets in the trust if they are transferred to them by title or deed by the trustee. Until that happens, they own nothing in the trust. They do however have rights to the benefits, proceeds and profits of the assets or properties, only if the trustee allows it. One thing to remember is that the trustee is responsible for all the assets, and this is a spendthrift trust, meaning the beneficiaries only are allowed what is “given to them”, and it’s at the complete discretion of the trustee. This is called “beneficial interest” and is contractually non-assignable (i.e. the beneficiaries cannot control or give), and it’s for that reason specifically that any creditor of the beneficiaries may never legally attach trust assets to a debt obligation of the beneficiary.

The Overseer (in most cases the same person as the trustee) has the power to change trustee(s) and/or successor trustee at his/her sole discretion.

* There are limited exceptions to being protected from creditors. It varies fromstate to state. For example, a statute in Texas allows a court to garnish childsupport payments from a spendthrift trust but ONLY in the instance of moneybeing distributed to the respective Beneficiary at the sole discretion of theTrustee.

BASIC TRUST INFORMATION

A Brief History of Trusts

TRUST ESTATE

PARTIES TO A TRUST

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