I wasn't the only one. More
actual horror stories:
A friend’s senior mother was driving home one night and a guy ran into the road and
threw himself against her car. He wailed and moaned "she hit me." He got an
attorney that was trying to see how much they could get. It took many stressful months to
resolve. She was totally innocent but had to fight an attorney trying to take her free and
clear house and car leaving her out on the street. If she had no assets in her name the
problem would have never even gotten to square one. No assets, don’t bother suing
– next!
When I owned my printing company the landlord hired a contractor to redo the leaking roof.
A month later I received a court summons. One of the contractors employees had been taking
heroin before starting work and spilled hot tar on himself. Apparently the sub-contractor
didn’t have insurance and as I had visible recorded assets they came after me big
time. I spent thousands in legal bills to keep from losing my entire company to this
deadbeat. I was completely innocent but got attacked by parties interested in taking me
for all I had. Scary!
This could happen to you at any time. Sure life is smooth and carefree today but anything
could happen in the next 30 minutes, something totally stupid that is obviously not your
fault. You can still lose everything you have. You can protect yourself now or wait and
see when somebody WILL try and clean you out. Do you really want to start over again?
A guy was watering his front lawn with his
medium size dog on a chain. A woman and kid came by. He warned them that the dog gets
excitable and not to get too near. The mother said "Oh, it will be OK." He
warned her a second time. The kid went to touch the dog and the dog jumped up and bit him
on the nose. A few weeks later he was served with a lawsuit. The recorders office showed
him owning a house and other assets. To his total shock he lost the case, had to sell his
house quickly, paying $42,000 to the woman. He was left with nothing but his clothes. He
had to start his entire financial life over again at age 47.
Why Pure Trusts Are Important in
Personal Life Asset Protection
The old saying goes "If someone knows we have it, someone will try to get
it!" Someone in this case can be our neighbor, a former friend, our relatives,
lawyers or nasty State and Federal tax collection agencies.
When Texas Oil man, H. L. Hunt died, the
estate he passed on to his son Bunker Hunt, was estimated to be worth some where between
two and five BILLION dollars. But no one knows for sure. How's that for PRIVACY?!? Had
this huge estate been probated, everyone involved would have known the true value of his
inheritance!
For two generations the great fortune passed
down by John D. Rockefeller has been made more complex by increasing layers of trusts and
closely held companies, where no public records are required, none volunteered and
all inquiries politely rebuffed.
Through the use of Pure Trusts we can legally
and lawfully disappear from public ownership records. Without a great deal of specialized
knowledge, many will find it very difficult to know what we control. It is important that
someone cannot go into a public record or a computer database and find out what we own or
control, just so they can sue us or perhaps defraud us. A Pure Trust can effectively set
up an invisibility wall between assets and ourselves.
When you die and have a WILL your assets go
through probate, involving lawyers, judges, and long waiting periods. The only thing worse
is no WILL at all.
The best asset protection method is to setup
an irrevocable pure trust, and at your death your assets are quietly reassigned according
to your wishes. It takes about 20 minutes and one notary verifying the new successor
trustees: fast, cheap and simple. There is no better way.
Financial entity comparison
CORPORATIONS
1. Taxed on net income before distribution.
2. Individuals taxed on distributions.
3. Employees requiring "withholding" and other payroll taxes.
4. Stock Certificates are taxable assets at very high rates if passed through probate.
5. Stock holders have voting rights and Corporate control.
6. Substantial annual state fees and filing requirements. California about $970 per year
per corporation.
7. Rules are subject to the capricious greed and control of lawmakers.
8. Quarterly tax estimates filings.
9. All your records are public. I can pay a paralegal $40 anywhere to find out anything
about you today.
LIVING TRUST
1. Offers total probate protection--the only good thing about a Living Trust!
2. No limit on liability against lawsuits.
3. Offers no privacy. Your list of assets may be ALL on one public document.
4. Offers no protection against bankruptcy. All assets in a Revocable Living Trust are
still under your control. If you can revoke it, you can be forced to retrieve and sell
your assets.
5. Offers no protection or reduction of personal income tax.
6. May require yearly fees to the attorney setting it up.
7. Living trust terminates at your death. Beneficiaries must pay again to protect assets
in their name. More legal fees. A nice money maker for your attorney.
A DO IT YOURSELF TRUST BOOK
1. One standard form, usually unchanged or not updated. Many clever things
totally left out.
2. You have to read the 400 page manual and figure how to do it. Yeah right.
3. You have to retype all the pages and hope they work.
4. For $24.95 you get what you pay for. No 24/7 help. Just you and the 1989 copyright
manual. The trial and error method. Most buy the book, and figure they will get to it, but
don't. That is not much protection. They also have the book "How to do your own root
canal and save big money."
5. It can take a long time before you get your first trust if at all. Not very realistic.
FREEDOM 7 PURE TRUSTS
1. Offers total protection against lawsuits structured as an irrevocable Trust.
2. Provides total privacy under the laws of the United States of America. A Pure Trust is
its own lawful entity.
3. A Pure Trust is a lawful entity and lives on after your death.
4. Offers total probate protection. Pass on assets fast and quietly.
5. Protects your assets when sick. No assets? Be eligible for benefit programs
6. Offers total protection against bankruptcy; assets can not be touched.
7. Total flexibility. You can buy or sell anything in or out of the trusts.
8. No yearly ongoing fees or expenses
9. "Leased or Independent" contractors replace employees, no withholding.
10. Management is through Trustees.
11. No public filing requirements. The Trust Contract is executed by private parties for
personal purposes, and is not registered with the Corporation Commission.
12. Based on Common Law and entitled to all rights and protection under the US
Constitution.
13. Asset stays in the trust until removed. You have total control over this.
14. Fast, fast expert service. How fast do you want it?
It is recommended to put each significant
asset in a separate trust.
More actual case stories:
I had a rental property and here is what happened. I got along well with the renter. He
would invite me over to share in enchilada dinners with his family. After a year he lost
his job. My tenant started been getting more troublesome by the month. He apparently had a
"friend" giving him legal tips about his rights. He claimed he slipped on my
"hazardous" flooring and wanted to sue me for all his medical expenses and
$25,000 for personal suffering. I said "fine, go ahead." I was supeaned to go to
court. He and the judge found I don’t really own the property. Surprise! Some trust
in Oregon owns it. Case dismissed. He would have to refile the case. The mailing address
is a PO box. This trust is owned by a real estate holding company in Nevada. He finally
gave up. You can’t sue or serve an non-responsive PO box. In the meantime, he said
the house was not fit for habitation. We had to evicted him saying we had to refurbish the
house. The city supported us. Out he went. End of the story.
You can buy a trust to protect your money
or spend your money on attorney fees.
People have health insurance and car
insurance. Why? To protect against a catastrophic loss they can’t afford. A trust can
protect it all and give you a lifetime of peace of mind.
When you sell an asset you can sell the trust
with it (add $1000?) or take it out of the trust and put your next asset into it.
Q: Why do some trust places have the
person in charge called a manager??
A: We call them trustees because that is what DMV, banks, title companies and
insurance companies call the person in charge.
Q: I have seen other trusts and living
trusts that are revocable. Are these good?
A: We get asked this a lot. If it is revocable it means you can change your mind
and take back what you put into it. You are directly connected to it. You may save on
probate but become a sitting duck for lawsuits. If I want to sue you that is wonderful
news for me. I can win a judgement, have them put the assets from your living trust back
into your name and it mine. Oops! Thank you, thank you very much!
Our trusts are irrevocable. If you personally get sued they can't empty out your trusts.
You wouldn't ever want to put it back in your name. There is no reason to. You can still
sell, trade - anything you want in and out of the trust.
A case history:
A fellow had bought a lot of inexpensive stock in an excellent company. He was on
a roll and married a pretty woman the same year. The next year the stock took off to a
huge amount. His lifestyle and habits changed. A year later the wife filed for divorce.
She got half of all the increase. Advice: He should have put the stocks into a trust
before he got married. The trust can now grow to any amount and he is in discrete total
sole control. If she's good to him she can receive it all discretely and privately on his
passing.
Pure trusts are the best way to hold and
transfer assets.
Protection, ease of transfer, and privacy.
Getting married?
Have much more assets than the other party? Put your assets well in advance into
individual trusts. Sheltered. Safe. Nobody can take what you don’t own. If
you’re getting along and you die, she or beneficiaries of your choice get control of
the assets quietly and privately. Getting a divorce? You "rent" the house from a
trust. Your car is leased from a financial trust. She expected to make a killing but you
can show you are broke and in debt that she may be liable for. Trusts are private.
She has no way of knowing who owns or controls "ABC financial" that you have
been making payments to all these years.
If your spouse has been good to you and many
of them have, then when you pass on they would get it quickly and with little cost or
trouble. They will thank you for your kindness and consideration.
Double protect yourself. Let’s say you
own a free a clear house or car. Take out a big recorded lien payable to a second trust.
Show no equity and in debt up to your ears.
If you have rental properties, have each in a
separate trust. Renters just love to have landlords over a barrel. "We got hurt on
your defective wiring or saggy porch." Limit what can be taken.
Many people like have a holding company trust
with all the other trusts under it. I highly recommend it. The holding company can
designate a secretary for signing forms. Your name doesn't have to show up anywhere. You,
the first trustee can change the secretary at any time. The holding company can also
record liens against the other trusts. No equity = not worth suing. So your tenant wants
to sue you? The $50,000 rental property has no assets and a $50,000 recorded lien. What
are they going to get? IF they win the case, you just sell the property. The $50,000 lien
gets paid off to your discrete holding company trust. The freeloader tenant and his
attorney gets nothing, while you got all your equity out.
Are your hard-earned
assets protected?
Don’t you wish someone had told you about trusts years ago?
|
An interesting development.
In October of 2004 I received a call from Susan D. Harper from the IRS in Bridgeport,
WV. She was a very nice, personable person with very nice handwriting. I'm glad they
picked her to torment me.
Ms. Harper said IRS was
upset with this webpage, that I might be insinuating or suggesting by reading this site
you could or should evade paying taxes to IRS. She and her counsel Richard Hassebrock
strongly suggest that my website needs to be significantly revised or they could have a
court injunction to force me to take out any negative references to IRS. Actually it
sounds very appealing to get my day in court.
I started out this website with my own personal opinions and
experiences on how IRS wiped out my life savings, stole my home,
car, business, livelihood,
12 employees livelihoods and my good wife... Their letter of November 15, 2004 states I
might have some anti IRS feeling and suggest I leave them off this web page.
In time may learn to laugh over it. I am not quite there yet.
I have several places in this website clearly and emphatically
stating that I don't offer secret information how you can avoid and evade paying income
tax to the IRS. No special form letters from an ex-agent that get you off the hook. No
secret 16th amendment insider's interpretations. IRS gets upset with anyone
suggesting or promoting that you don't have to pay taxes.
As a reader if you think I am suggesting that anywhere please write so I can change
it immediately.
Hopefully if I say this one more time IRS will feel I have made
the point clear so I don't have to put this in every other paragraph.
Pure trusts are excellent for saving on probate costs and
keeping your assets and affairs private. If this is what you are wanting I can help you.
If it has to do with taxes call your CPA for advice.
One more item.
Ms. Harper stated that if you were to put assets into a trust and retain full control
over it, the asset would not be protected from "the service." I think they are
in error. Many, many wealthy people have all their assets in trusts and have full control
over them, even if indirectly. From Jacqueline Onnasis, the Hunt, Kennedy and Rockerfeller
families all depended on trusts for privacy and protection. Perhaps IRS is not aware of
these families.
I hope I don't get into trouble for telling you this.
If you REALLY don't want to pay taxes try this: Buy and pay for a small place out in
the country. Have no debt and don't need much income. Grow your own garden. If you earn
under the IRS minimum of $7500 a year and you don't even have to file. Spend time with
your family and doing what you love to do.
If you have a big house in the city and a fancy car they are
going to be looking for your high paying income.
I would like to get a letter of compliance from the IRS for
having a compliant, ethical, honest site. |
Questions and
answers
A: What do you think about offshore
trusts?
Q: They just shout out you are hiding something. These are targeted and watched
closely by
the IRS. IRS has access to these accounts. If you claim it's not your account then you won't
mind if they seize the funds. oops!
Q: Will these trusts eliminate my
income tax obligation?
A: Trusts are not intended for reducing taxes, even thought it can happen. Run
from any company stating they have "Secret Insiders IRS letters" and cure from
paying taxes. I bought all these letters and plans and sounded really stupid talking to
IRS about them. They are fabricated to get your money - wishful thinking and greed.
Tax
evasion is not pretty.
We do things ethically, properly and legally. Many times you can save on taxes by proper
estate planning through the use of Pure Trusts without having to cheat.
Q: Do you protect my privacy?
A: Yes, we create your trust, ship it to you but do not keep any records of your
name, address or trust information. We don't have a list of our trust customers.
What else is out there? Compare other trust
company offers. Click HERE
Protect your assets. Keep it simple so you
can understand it. Maintain privacy. Be able to sleep well at night. Drive anyone crazy
that is trying to sue you.
Getting started
It is best to get one trust for EACH significant asset. Yes, a trust CAN be sued but they
can only take what is in that trust. An attorney knows upon researching your records if
you have a trust you are more financially sophisticated and protected and probably not
worth the time attacking.
You can start with one trust or get one for your house, one for the vehicles, one for each
rental property, one for your investment account and one for your business. A trust can
operate a business, a church or hold any asset a private individual could. You can put
assets in and out of these trusts your entire lifetime and pass them on to your heirs.
How much does it cost?
Our trusts are meticulously custom-made for your needs. We do all the work. You
don't have to read a 400 page manual (in your spare time?) and fill in the blanks as best
you can. Notice how many others charge $1495 to $2395 plus charge for all ongoing advice
and yearly trustee fees. We don't.
We do it all and create a beautiful
professional trust- fast! Transfer forms and assistance are available. Assistance by phone
is available 7 days a week.
Our low-overhead price is only $1295
(See this months special price below!)
Order by phone OK! Visa and M/C OK. Fast, expert
service!
Below is a sample of what
information you can email to us. Written information prevents typos.
We have much sensible advice and suggestions
for optimizing the below questions. We do the rest.
1. Name of Trust
2. Mailing address
3. First Trustee/Manager’s name
4. Successor Trustees names
5. Beneficiaries names
6. What type of assets do you want put in the trust?
7. Trust starting date. |
ASSET PROTECTION TRUSTS
Serving the public since 1976
Your satisfaction guaranteed.
Same day rush service available.
How to get started?
Just email us with what you might be needing.
Happy customers are good for business.
Justin's
Freedom 7 TRUSTS
Regular $1295 each
Limited time only only $995 each
Priority rush shipping $12
|
