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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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