The Importance of Trust Management

The following is a story on the importance of trust management.

Years ago Mark, (before he was a student of ours), frantically called our office… his words coming between big gasps for air.

“It’s gone… all gone. They froze it… they froze everything!”

The receptionist heard him slam down some papers on his desk as he began to read over them.

The headline was clear, “The Internal Revenue Service has frozen the assets of MARK DULANEY and all registered accounts XXXXXX-XXXXXXX under the assumed name DULANEY FAMILY TRUST”

I’d seen this before…

An improperly created trust (often by a hapless attorney) – and it was being pierced by the IRS.

We quickly showed Mark how to setup a Bulletproof Trust and utilize a crucial “secret about private currency” to defeat the IRS. We’ve seen many agencies try to come after the Bulletproof Trust. ALL FAILED!

Trust management is EVERYTHING!

If the trust is setup and ran correctly, it is un-pierceable – literally bulletproof!

To us, this lawsuit was just a matter of time– maybe a few weeks/months before it was all settled and the IRS would never go after Mark again.

After a few letters, the IRS immediately unfroze his bank funds, removed the penalties and they applied the year’s income withholdings to his overdue taxes.

We’d seen the same thing occur for other clients in the past when the trust was setup the exact same way.

The process goes something like this:
•Go to court
•Present your documents
•Say a few things
•Judge orders the assets to be released
•Never get hassled again

That’s what we expected Mark (thinking he was a student) to go through and it would be over.

Then one of our consultants asked him if he had used our program to establish the trust. “No.” He replied…

Then he asked Mark, if he’d been properly educated on trust management.

“My attorney said he could set up a trust for me and that was about it.”

The trust was ok, but “an attorney” won’t do the most important thing…

And that’s… teach good manners (how to be a trustee)!

There’s a proper way you operate a trust that distinguishes YOU…

…as being a wholly separate entity from THE TRUST.

That’s very important.

If you don’t have the right language, book keeping and other trust management know-how to operate it correctly – it could be dangerous!

Like… this dangerous!

If you don’t separate the TWO (the trust and yourself). They become ONE (in the court’s eyes).

And if that happens…

Then it’s no longer a trust… it’s YOU (personally)… with ZERO trust benefits!

And that’s what poor Mark had done!

He had his attorney ‘friend’ setup the trust well enough, but didn’t teach him HOW TO RUN THE TRUST or anything about trust management!

Trust Management is Crucial

That “training & education” is the KEY (just like Mark understand why).

While we’re familiar with trusts and the myriad of possibilities available…

Once we saw the mistake Mark made, we knew we had to help others!

It was only after seeing Mark’s case that we finally realized – we had all the correct pieces, but the program was missing “ONE CRUCIAL THING”…

We’ll tell you all about it in another post, until then…

If you didn’t get a chance to watch the entire Bulletproof Trust workshop yet, we encourage you to watch it now.

Your friends in finance,
Private Wealth Academy

**The baby in the window was returned to safety. | *Names have been changed to protect our student’s privacy.