Marvin L. Barmes and Barbara J. Barmes - Page 30




                                       - 30 -                                         
               [1] centralized management, [2] continuity of exis-                    
               tence, [3] free transferability of interests,                          
               [4] limited liability.”                                                
                    A Pure Trust Organization is not an “association”                 
               or an “unincorporated association,” because it does not                
               possess the same attributes of a corporation, such as                  
               continuity of existence and free transferability of                    
               [beneficial] interests.  Further, unlike a corporation,                
               a Pure Trust Organization is not an “artificial entity”                
               nor does it owe its’ existence to the charter power of                 
               the State.                                                             
                    A Pure Trust Organization is also not an alter ego                
               or a nominee for any trustee or beneficiary because no                 
               one individual holds legal and equitable title AND                     
               beneficial interest.  [Reproduced literally.]                          
               Under the heading “IMPORTANT!  PLEASE READ THE FOLLOWING               
          BASIC RULES FOR STRUCTUTING [sic] A PURE TRUST ORGANIZATION                 
          BEFORE FILLING OUT THE PURE TRUST ORGANIZATION APPLICATION”, the            
          Sovereignty promotional materials stated:                                   
               THE STRUCTURE OF THE TRUST IN GENERAL                                  
                         Structuring a Pure Trust Organization is                     
                    extremely simple if you just adhere to some basic                 
                    rules.  The Pure Trust Organization is like any                   
                    other person or business entity that has the power                
                    to hold property, sell property, transfer prop-                   
                    erty, conduct business, etc.  It’s simply an en-                  
                    tity that has a different name and ID number than                 
                    you.  Property is transferred into the name of the                
                    Pure Trust as if it were any other person.                        
                         Once title to the property is in the name of                 
                    the Trust Organization, it is protected by the                    
                    ironclad Contractual and Constitutional                           
                    protections contained within the trust instrument                 
                    (document).  Because your right to contract cannot                
                    be impaired, you have peace of mind in knowing the                
                    property is safely protected.  You will have the                  
                    advantages of property ownership without the po-                  
                    tential liabilities.                                              






Page:  Previous  20  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  Next

Last modified: May 25, 2011