This RISKY Express Trust Mistake (COULD land you in jail)

Express Trust Myth #3 – It’s okay to apply for credit cards in the trust’s name.

Have you been told that you can apply for credit cards with a trust?

If so, this is FALSE. Applying for credit cards in the trusts name (especially if it’s a private express trust like the Bulletproof Trust) is considered receiving a benefit or privilege which can transfer jurisdiction of the trust from private into the public (statutory) which can jeopardize the protection and security of the trust assets.

We’ve even heard other so called “trust organizations” tell people to do this but especially with Express Trusts it’s a BIG NO-NO!

Only apply for credit cards in the name of your person or business.

*If using your trust for business purposes, we recommend making the name of your trust slightly different from the name of your business for this reason.

*If the trust has already obtained them, rescind the contracts immediately.

To learn more about what specific activities can jeopardize the private jurisdiction of the trust and how to keep your assets secure & private – get the Bulletproof Trust program.

Learn More About Bulletproof Trust Secrets

In another post we’ll cover one of the most important trust mistakes to avoid – the commingling of funds…  Watch out for our email because this is one myth you can’t afford to fall for!

Your friends in finance,
Private Wealth Academy