FAQ

FAQ - Frequently Asked Questions about Common Law Trust.

Can I put all my assets into one trust?
You could, but it is not recommended. The traditional cardinal rule among all wealthy people who use trusts is, have a different trust for each different as...
Wed, 22 Jul, 2015 at 7:12 PM
What is your feeling towards a Private Interest Foundation as opposed to a Trust?
I have no particular opinion other than I generally prefer common law entities over statutory ones. In addition, please be aware that the kind of common law...
Wed, 22 Jul, 2015 at 7:16 PM
Does the set up include bylaws and shares set up of the corporation?
The bylaws of the trust are in the indenture, in the corpus of it. They’re not termed “bylaws”, but that’s basically what they are. Shares of the trust are ...
Wed, 22 Jul, 2015 at 7:20 PM
Is there an ongoing process as growth of the trust/foundation needs?
Absolutely. That’s the whole purpose of it. If there were no ongoing process and growth, expansion, then it would just be a dormant entity and have little o...
Wed, 22 Jul, 2015 at 7:21 PM
After the trusts are set up can we move most of our money into the trusts from the RV?
Yes. It is best to have the trust set up prior to the RV and also the currencies exchanged into the trusts prior to the RV. If you have my partner Randall s...
Wed, 22 Jul, 2015 at 7:25 PM
Can one trust have the money in several different banks or will we have to divide the money up into different banks and have a trust for each bank? (FDIC has been bankrupt since 2008 and is no protection)
One trust can have as many bank accounts as you want, in as many banks as you want. However, it is also recommended to have a different trust for each diffe...
Wed, 22 Jul, 2015 at 7:27 PM
Can the trust invest and not have to pay taxes on the profits? (You mentioned them as being 100% tax free)
Yes. Exempt statutory entities like 501(3)(c)s don't have to pay taxes either, but the difference with the particular design of common law trust that Ra...
Wed, 22 Jul, 2015 at 7:30 PM
After the RV the US Treasury will be closely monitoring where every dollar goes, will this cause a problem?
BEFORE the RV, the cabal has already been "closely monitoring where every dollar goes", and has ALREADY caused countless problems for peaceful, ha...
Wed, 22 Jul, 2015 at 7:36 PM
How would you put a sole proprietorship business into a trust?
Step 1, follow the instructions in the trust manual for adding assets into the trust. Transfer the assets of the sole proprietorship into the trust via docu...
Wed, 22 Jul, 2015 at 7:37 PM
I have gone over the information you sent me about the common law trust. I also looked it up on Google and it seems great but also somewhat complicated, so I'll have to look it over again and see what questions I have.
It is good for you to know that via Google you will encounter a sea of websites with all kinds of opinions all over the map about trusts. Very few of them a...
Wed, 22 Jul, 2015 at 7:39 PM