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Providing
Affordable On-Shore Tax Advantaged Asset Protection
A **Pure Trust is a Pure Trust is a Pure Trust. Right?WRONG!!
Some may consider using a "do it yourself" trust kit in order to cut costs. In many cases cutting costs is a good idea. And if you can find the same quality of product and support for less, it is a "no brainer." In fact you may be able to find programs for 500 dollars or less! BUT if it is not effective, what do you have? Several pages of very expensive paper. Could there be more to it then just the wording of the contract?
The fact is in the area of asset protection cutting costs is the least of your concerns. With potentially thousands of dollars of assets at stake, certain agencies looking for cracks to bust open trusts, and a litigation hungry society, would you say this is the environment to be looking for bargain basement deals?
If you have been doing your homework you know certain agencies have stepped up their pursuit of those using trusts, including Pure Trusts. If you think simply "having a trust" in itself will protect assets, you have come to the wrong place. If not, read on.
In the past the only way you could receive quality services and products was to pay several thousands of dollars. Sometimes as high as 50,000 to have a solid asset protection plan put in place. And you can still pay that much today. The good news is today there are also highly qualified asset protection services available for not much more then the "do it yourself" programs but with one major difference. Years of experience and expertise and excellent support that you simply won't receive with the "do it yourself" programs.
Here are some important questions to ask when considering a "do it yourself" program or any trust for that matter:
Who do you use for trustees?
What makes a good trustee when it comes to potential challenges? Either by law suit or certain government agencies seeking to seize assets.
Do your trustee's know the law? Not just Constitutional Law or Common Law but Tax Law and Statutory Law also. Most think they should have a friend or family member as a trustee. Someone they can "trust." ( if you search IRS rulings and court cases you'll find this is a well known recipe for DISASTER). But it isn't personal trust that is the issue when defending against those seeking to take assets.
Can you trust the trustee's knowledge of the law in all it's facets?
Do you know if and when a trust should be numbered? Some trusts are at risk unnecessarily because they don't understand this one issue alone.
Do you know which trusts the IRS' special "Trust Busters" division are going after. Many trusts are getting hammered. Some aren't. Do you know the reasons?
Do you know when a trust should or should not hold assets?
Do you know if and when a trust should interface with the public/system?
Do you know why a trust must be totally separate from you in every aspect and how that is done?
Do you know what position you can hold in a trust, if any, to maximize the strength of a trust?
Do you know if and when you need more then one trust and how this effects the overall protection of assets?
Do you know how to structure several entities for maximum privacy and protection?
Are you aware of the "material difference" requirement and how to comply with it?
These are just a few of the important questions you need to answer in order for things to be done properly. If you know the answers to these and other questions and are confident of how to set up a solid trust, you should "do it yourself". If not you may wish to consider the services of the few excellent estate planning and asset protection providers available such as Financial Fortress Associates. With close to 20 years experience in on-shore asset protection, the more questions you ask and the closer you look, the better we look.
** Some of the names also used for Pure Trusts are "Constitutional Pure Trust", "Pure Trust Organization", "PTO", "Common Law Trust", "Contract Trust", or "Constitutional Trust".
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