Iraqi Dinar Chat, Information, News, Facts, Guru Forums, RV and Revaluation info

Follow us! Follow us!

xchangeofamerica.com

+ Reply to Thread
Results 1 to 4 of 4

Thread: Spendthrift Trust- How to protect your money after the RV!

  1. #1
    gankans
    Guest

    Spendthrift Trust- How to protect your money after the RV!

    Please take a moment and read what Enorrste and I will be doing after the RV with our riches. If you plan to make at least $200,000 or more in wealth from this investment, please do your family a favor and manage all your wealth through a "Spendthrift Trust". Please read this and speak with your spouse.

    http://www.mulderlawgroup.com/docume...tTrust-WCS.pdf

  2. #2
    gankans
    Guest
    Quote Originally Posted by gankans View Post
    Please take a moment and read what Enorrste and I will be doing after the RV with our riches. If you plan to make at least $200,000 or more in wealth from this investment, please do your family a favor and manage all your wealth through a "Spendthrift Trust". Please read this and speak with your spouse.

    http://www.mulderlawgroup.com/docume...tTrust-WCS.pdf
    Four Positions of a Spendthrift Trust
    What they Can and Cannot Do


    SETTLOR

    1. Must provide initial funds (at least $5.00) for the Corpus of the Spendthrift Trust
    2. Must appoint an initial Trustee
    3. Can appoint an initial Compliance Overseer
    4. He cannot be active further in the Trust; he/she is automatically terminated once these duties are preformed.

    COMPLIANCE OVERSEER (He/She/They)


    1. Can not be a beneficiary of the trust.
    2. Can or can not be a Trustee.
    3. Can not receive a salary from the trust as the Compliance Overseer
    4. He/She can be provided for, or reimbursed for, any expenses that he/she incurs.
    5. He/She can not receive the $12,000.00 per year for miscellaneous expenses/continuing education.
    6. He/She can receive "Loans" from the trust. Making sure that the proper loan documents have been completed.
    7. He/She can be a Caretaker of the trust property but the benefit is treated as taxable income to them.
    8. Can remove and/or replace Trustees and Beneficiaries







    TRUSTEE (He/She/They)

    1. The trustee can in fact receive a salary from the trust.
    2. He/She too can receive "Loans" from the trust.
    3. He/She can be provided for, or reimbursed for any Trust Related Expenses.
    4. He/She can receive the $12,000.00 per year for miscellaneous expenses/continuing education.
    9. He/She can be a Caretaker of the trust property but the benefit is treated as taxable income to them.
    5. He/She makes the daily business decision of the trust


    BENEFICIARIES (He/She/They)


    1. Can not be a trustee.
    2. Can receive the $12,000.00 per year for miscellaneous expenses/continuing education.
    3. They can be cared for and educated by the trust.
    4. They can receive housing, clothing, transportation, stipends, and entertainment allowances.
    5. At the sole discretion of the trustee, can receive benefits, usually taxable.

  3. #3
    Senior Member
    Join Date
    Mar 2010
    Location
    Florida
    Posts
    286
    Thanks
    3
    Thanked 3 Times in 3 Posts
    Have to look into this more but from what I am reading I would not do this

  4. #4
    SENIOR EXCUTIVE MEMBER
    Join Date
    Feb 2010
    Location
    South Carolina
    Posts
    741
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thanks for the post.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts