Marvin L. Barmes and Barbara J. Barmes - Page 32

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                    segregated into separate trusts.                                  
               NAMING THE PURE TRUST ORGANIZATION:                                    
                    Unless you are creating a Family Trust, do not use                
               your last name or the word “Trust.”  Name your business                
               as if it were a Sole Proprietorship.  This will protect                
               your privacy and will also make doing business and                     
               transferring property simpler.                                         
               THE TRUST IDENTIFICATION NUMBER:                                       
                    Because a Pure Trust Organization has no tax                      
               requirements, it has no need for a Federal Employer                    
               Identification Number or a Social Security Number,                     
               which are necessary for tax reporting purposes only.                   
                    The Pure Trust Organization will be issued a nine-                
               digit, internally generated, identification number for                 
               banking and identification purposes, unrelated to                      
               taxes.  This Trust Identification Number is private and                
               will not be linked to any Federal or State Government                  
               agency.  It will be included on your final Pure Trust                  
               Organization Document(s).  Each Trust will be issued a                 
               separate number.                                                       
               NAMING TRUSTEES AND BENEFICIARIES                                      
                    The most important rule to remember when structur-                
               ing your Trust Organization is that one individual                     
               cannot be BOTH a Trustee and a Beneficiary/Capital Unit                
               Holder.  It is the complete separation of these two                    
               entities that affords the Pure Trust Organization its                  
               protections.  If the same person who holds the legal                   
               and equitable title, also has the beneficial interest                  
               or the right to proceeds, no trust has been created.                   
               The entity then is said to be operating as an “alter-                  
               ego” or as a “nominee” of the trust.                                   
               THE PROTECTOR:                                                         
                    The Protector has the power to terminate Trustees                 
               and/or appoint new Trustees.  The Protector may also                   
               appoint “Successor Trustees” in the event a Trustee                    
               dies.  A Protector cannot have any other position in                   
               the Pure Trust Organization.  A Protector can be any-                  
               one, related or unrelated to you.                                      

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Last modified: May 25, 2011