Asset Investment Trust Blog

The last couple posts have discussed several examples where trusts could have protected assets and a well known example of how trusts protected O.J. Simpson.

Whether or not you think he is guilty, the trusts did what they were designed for. They protected Simpson’s assets and you can benefit from the same protection.

Trusts have been around longer than LLCs, Corporations or Partnerships. In fact trusts date back to Julius Caesar and have more than 2000 years of law behind them. As part of Roman Law, trusts made their way into English Law and then into the US Constitution.

As part of American “Common Law” trusts are primarily governed by federal statues and can be widely used to plan your estate, protect assets, and delay some taxes.

Asset protection is a by-product of estate planning. When your assets are placed in trust, the legal title becomes the trust and trustee. Assets that don’t belong to you, may not be associated your your liability.

Any assets held in trust will bypass probate for the same reason.

When a Will is probated, a court decides what action will be taken with YOUR property. In most cases, this action coincides with your wishes; however, there are many examples where judges deviated from a Will. If you have placed your assets in trust, they will not be part of your estate – they don’t belong to you – and will bypass probate.

When your Will is probated (Made Public) your assets will not be made public if you have placed them in trust.

HOWEVER … You can maintain control of the asset.

The next couple emails you receive will discuss the people involved you a trust and how you can control the asset without the risks of ownership.

To learn more, you can listen to our podcasts:

http://assetinvestmenttrust.com/Asset_Investment_Trust/Podcasts.html

Thanks,
Greg Gardner
Asset Investment Trust Director
Greg@AssetInvestmentTrust.com
980-329-8101