Ch. 11: Trusts for Asset Protection
Ch. 11: Trusts for Asset Protection
The Trust Defined
Synopsis: Discusses the basics of trusts, and their place as a dissociative method.
Definition: Trust -- A relationship whereby one party (trustee) is given assets by another (settlor) to hold for the benefit of a third party (beneficiary).
Estate Freezes
Synopsis: Discusses the concept of the "estate freeze" and how the methods used for asset protection planning and estate planning are often incompatible.
Definition: Estate Freeze -- The process of transferring assets to either the children or a trust for the benefit of the children now, so that the future growth of those assets is with the children or their trust, and not within the parent's estate. The asset protection equivalent is known as an "asset freeze".
Mass-Marketing of Offshore Trusts
Synopsis: Discusses Global Prosperity, the "Father of Asset Protection" and other scams and hucksterisms relating to foreign trusts.
Self-Settled Spendthrift Trusts
Synopsis: Discusses the disadvantages of self-settled spendthrift trusts.
Definition: Self-Settled Spendthrift Trust -- A trust formed for the benefit of the person who created the trust, with spendthrift provisions that attempt to disallow a creditor from invading the trust assets or forcing a distribution to the beneficiary that the creditor would then seize.
Trusts and Giving Up Control
Synopsis: Discusses the problem of yielding control to make the asset protection effective with the possibility that such control once yielded might never be regained.
Living Trusts
Synopsis: Discusses the reasons why living trusts provide little asset protection.
Definition: Living Trust -- A revocable grantor trust.
Sham Trusts
Synopsis: Discusses the many defects of Pure Trusts and their progeny.
Definition: Pure Trust -- A sham trust sold by scam artists that purports to be free of government regulation or intervention because of the Contract Clause of the U.S. Constitution.
Additional information on Pure Trust scams can be found at:
http://www.quatloos.com/taxscams/contrusts.htm
http://www.taxprophet.com/hot/Trustscam.shtml
The Trust Defined
Synopsis: Discusses the basics of trusts, and their place as a dissociative method.
Definition: Trust -- A relationship whereby one party (trustee) is given assets by another (settlor) to hold for the benefit of a third party (beneficiary).
Estate Freezes
Synopsis: Discusses the concept of the "estate freeze" and how the methods used for asset protection planning and estate planning are often incompatible.
Definition: Estate Freeze -- The process of transferring assets to either the children or a trust for the benefit of the children now, so that the future growth of those assets is with the children or their trust, and not within the parent's estate. The asset protection equivalent is known as an "asset freeze".
Mass-Marketing of Offshore Trusts
Synopsis: Discusses Global Prosperity, the "Father of Asset Protection" and other scams and hucksterisms relating to foreign trusts.
Self-Settled Spendthrift Trusts
Synopsis: Discusses the disadvantages of self-settled spendthrift trusts.
Definition: Self-Settled Spendthrift Trust -- A trust formed for the benefit of the person who created the trust, with spendthrift provisions that attempt to disallow a creditor from invading the trust assets or forcing a distribution to the beneficiary that the creditor would then seize.
Trusts and Giving Up Control
Synopsis: Discusses the problem of yielding control to make the asset protection effective with the possibility that such control once yielded might never be regained.
Living Trusts
Synopsis: Discusses the reasons why living trusts provide little asset protection.
Definition: Living Trust -- A revocable grantor trust.
Sham Trusts
Synopsis: Discusses the many defects of Pure Trusts and their progeny.
Definition: Pure Trust -- A sham trust sold by scam artists that purports to be free of government regulation or intervention because of the Contract Clause of the U.S. Constitution.
Additional information on Pure Trust scams can be found at:
http://www.quatloos.com/taxscams/contrusts.htm
http://www.taxprophet.com/hot/Trustscam.shtml
Labels: asset protection, asset protection trust, estate freeze, living trust, pure trust, self-settled spendthrift trust, self-settled trust, spendthrift trust
