Private Express Trust MYTH #4 – It’s okay to mix trust & personal funds.
FALSE. It’s absolutely NOT okay!
Commingling personal & trust funds is a HUGE NO-NO!
Always keep trust assets, funds and bank accounts separate from personal (or business) ones.
Why? Because if for any reason the trust were to end up in court, you want to be able to prove without a doubt that the trust is operating as a separate entity from you (or business entities – which are considered public).
That’s extremely important!
It’s a simple mistake to avoid…
If you’re worried about mixing funds and not sure how to keep your life as a Trustee and your personal life separated – then you need a private express trust like the Bulletproof Trust.
Inside the Bulletproof Trust Secrets program we show you how to avoid this and all the other common mistakes new trustees often make.
In another post we’ll be touching on the topic of keeping trust minutes and why they’re so important for the operation of a proper trust. *Making this single mistake could land you in some SERIOUS hot water.
Your friends in finance,
Private Wealth Academy
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