Non Registered Trust Creation
Important: It will be a few weeks before Mark can conduct any Trust appointments due to having no internet access. We will be letting everyone know when it is business as usual.
Do you want to protect your assets?
We will set you up with a Private Trust that protects any assets that are held within it.
- Question:Why would I need a Trust?
Answer: is the foundation of wealth generation because it protects the estate that you are creating & stops any attack by a potential pirate or parasite. Most people take a lifetime, if ever these days, to accumulate one property & have it paid off. Just one attack by a pirate or parasite could garnish your property. Do you have two lifetimes to recover your financial disposition.
- Question:Why is your Trust better or different? What’s the difference between your Trust & a Registered Trust?
Answer: A Registered Trust is within the public realm & therefore “owned” & “controlled” ultimately by the public. It is subject to legislation & must comply with & uphold various obligations, responsibilities & liabilities. Our product is a hybrid & is Non Registered, making it private & without all the public obligations, responsibilities & liabilities. Eg No annual audits, no annual ASIC reporting, No tax obligations, No annual dispersal of the productivity of labour it has received, No minutes of meetings required & more.
- Question: Why can a Trust protect the Estate?
Answer: A Trust protects the estate because all titles, real estate titles, share certificates, gold certificates etc, consist of two components;
- Legal title – or ownership, vested with the Trustee/s, and
- Equitable title – use & possession – vested with the Beneficiaries.
Because the title is split between a number of parties, any Creditor to any one party of the Trust must obtain the consent of all other parties to the Trust to lawfully & legally garnish the Estate held in Trust. If the Creditor wishes to recover debts from the one party to the Trust, the “debtor”, it cannot garnish the equitable interests of other parties to the Trust’s. To do so is legally “theft”. Trust law is upheld in all courts, as this writer has personally experienced on two occasions.
- Question: I heard Trusts can be busted by the Tax office. Is that true?
Answer: Yes & No!
Yes, if you and/or your lawyer don’t know what you’re/they’re doing or you/they remain silent when an offer to garnish the Estate held in Trust by a pirate or parasite is “offered”.
No, if you know how to hold your position when an offer to garnish the Estate held in Trust by a pirate or parasite is “offered”. Eg. “I’m only one party to that Estate, held in Trust. Is that not theft in any court in any country if that property/Estate is garnished for a liability or obligation that I, or my legal name, has to the Creditor?” This is expressing a form of your objection & non consent to (financial) rape & pillage.
- Question: Is your Trust a discretionary Trust, what is a discretionary Trust?
Answer. Yes it is. A discretionary Trust is where the Trustee/s have absolute total discretionary & discretionary powers to run the Estate held in Trust, like a Director of a company, & can direct when, where & to whom funds are directed or assets dispersed etc.
- Question: What is the role of the Trustee/s?
Answer: That is the realm of an appointment to clarify all the roles, obligations, responsibilities & liabilities of the various parties.
- Question: What’s the difference between your Trust & a foundation?
Answer: A Foundation is totally private & a firewall to the public. Great trading entity. Being totally private, it cannot hold title/s. Our Trust can. Title to anything.
- Question: Can your Trust hold other assets to real estate?
Answer: Yes, any title.
- Question: Can I trade through your Trust?
Answer: Yes, it’s a perfect structure to trade through & is a
firewall to the public.
- Question: Does your Non Registered Trust have obligations to pay tax?
Answer: No. It is a Non Registered Trust, hence a private structure & cannot incur tax liabilities or pay tax, unless the Trustee/s implicate or incriminate themselves, such as using intellectual property owned by the public, such as the word “income” or “profit”. One public liability for a public entity is stamp duty. It is suggested the trustee/s pay stamp duty on property or other transactions, only so as not to otherwise uphold the settlement of the transaction.
- Question: I already have a property. How do I transfer the title of that property from my name into the trust?
Answer: You are the trustee. Just take your Deed of Trust into the titles office (or whatever it is called in your country/state) and tell the clerk that you wish to transfer the title of your property from your name into the Trust. Simply complete the transfer documents & pay the stamp duty at the Office of State Revenue.
- Question: The Trust has two Trustees. Is it ok for us to sign separately using a witness who knows us both?
- Question: My house has a mortgage on it and I want to put it into a Trust. Is this possible and how would I do it?
Answer: Yes, it is possible, but it is at the discretion of your bank/lender. The property remains the collateral for the loan. You would first need to go to your bank/lender and ask them if it is possible to have the property moved over into a Trust. You would also be required to pay stamp duty and a transfer fee again if that is applicable in your country. Check with your Tax Office/Office of State Revenue to confirm this.
- Question: Can the Non Registered Trust obtain a loan?
Answer: No, it is Non Registered & is not part of the “public” system & cannot obtain its benefits & privileges. However, the Trustee/s can borrow on behalf of the Trust, using the property as collateral for the loan.
- Question: I have a SMSF. Can this go into my Trust.
Answer: Yes it can.
- Question: What would happen if I were to die? Is the Trust liable for my mortgage? Does that put any beneficiaries of the mortgage at risk of having to take on the debt?
Answer: No, the Trust is not liable as it’s in the private. There should be mortgage insurance to cover the event for death. Beneficiaries are never liable for the debts of the estate. If no death cover insurance then the estate could be sold up unless the remaining or incoming nominated Trustee responsibly takes over the mortgage. An appointment may be required to more thoroughly investigate & qualify this question before delivering an appropriate answer.
If the Trustee passes away the remaining Trustee will assume all obligations of the Trust, including the appointment of another Trustee if the obligations are more extensive than the remaining Trustee can address alone.
- Question: Do Beneficiaries have to be registered?
Answer: No. Only a trustee must be a registered party. The Birth Certificate name is registered, as is a public Trust or a company.
- Question: Do beneficiaries have to be 18 years of age or over?
Answer: No. Any party can be a Beneficiary, even pets & charities.
- Question: Will my Trust be mailed to me in the Trust name or my own name?
Answer: Whatever name is nominated by the Trustee/s. It is usually mailed in the name of the Trustee/s.
- Question: I am trying to open my Trust account with the Bank and they say that it must be registered. Is this correct.
Answer: No. Tell them that it is a non-registered Trust and a lot of banks have clients with accounts held in Non Registered Trusts. Ask them if that is just Bank policy or the law. They will say that it is Bank policy so you just say, “Thank you but I’ll stick with the law.” A clerk may claim the Bank will charge 40% tax on the interest earned on the account. Never argue. However all you need to know is a Non Registered entity cannot be taxed. Our Trusts do not attract any tax.
- Question: What do I do once I go to the Bank to set up my Trust?
Answer: If they ask you for an ABN # or whether it’s registered, tell the Bank it is a non-registered Trust and it doesn’t need an ABN. Take with you your original deed plus ID for the Trustee. Instruct the Bank to photocopy the pages that they need. Do not give away your originals. It’s a business account and you need to apply for a debit card attached to the account. If the Clerk asks you what the purpose of the Trust is, tell them it is for estate/asset protection.
- Question: Would I be able to move existing assets like bitcoin and other crypto’s into this trust and are there tax benefits in doing so?
Answer: Maybe If it came from a private account into BC then back to a Trust Account, if its a smaller amount - $5,000 or less, it likely won't attract attention. The key would be to withdraw smaller amounts over a period of time
If its $10,000 or more it will likely attract attention from certain pirates. One can recover the amount initially deposited with any tax
Naturally we only use trust accounts & yes, it bypasses the parasites because being non registered, it is outside of the pirates jurisdiction.
23. Question: Is this available to other countries?
Answer: Yes it is available for English speaking countries. Mark has set up Trusts for Canada, UK, Ireland, USA, Sweden and Denmark. The Trusts are really for any Country within the Commonwealth but some others may be able to be set up as long as they are English speaking as it can be very hard to translate.
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