- 31 - THE NUMBER OF PURE TRUSTS NEEDED FOR MAXIMUM ASSET PROTECTION To maximize the benefits of the Pure Trust Organization, it is vital to put each asset that has the potential of creating a liability into its own separate Trust Organization so that it does not jeopardize other assets. In a lawsuit, lien, levy, etc., the only assets that can be seized are those assets in which title is held in the name of the person or entity that created the liability. For example, let’s say your car was involved in a serious accident that created a million dollars worth of damages and the insurance company refused to honor your claim. Because your name was on the Title to the car, if you are successfully sued, a judgement will be entered in your name. There- fore, every asset held in your name would be sub- ject to seizure. The advantage to a Pure Trust Organization is that it allows you to contractu- ally move assets out of your name while still retaining full control or all of the benefits of the property. In the previous example, if you had the fore- thought to put the Title to the car, in the name of a Pure Trust Organization instead of your name, only the Pure Trust entity” could be sued, under its fictitious name. Other assets held in your name or in the names of other trusts would be immune from judgement! If a court judgement, lien, or levy has been filed against you, personally, only those assets that you hold title to, in your own name are sub- ject to seizure. Property can be transferred into a Pure Trust even after it has been unlawfully liened or levied, in the absence of proper legal procedures and a lawful Court Hearing. Businesses should always have a minimum of two Pure Trust Organizations. The first operating entity should hold minimal assets, in case it is ever sued. Other Pure Trust Organizations should then be established under different names to hold and protect all other assets of the business orga- nization. Business equipment that has the poten- tial of creating a liability should always bePage: Previous 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Next
Last modified: May 25, 2011