The Summary
The Trust is not a perpetual tax avoidance scheme, but a tax deferral mechanism, without all the cumbersome rules, risks and restrictions. Should Trustee Bob“ distribute” cash to the beneficiaries, that could inevitably lead to a taxable event for the said beneficiaries. Distributions for health, education, maintenance and support( HEMS), are often taxable to the beneficiary if they consist of taxable income generated by the trust. However, if the distributions are from the trust’ s principal, they generally are not taxable income to the beneficiary as indicated by standing IRS Private Letter Rulings. Additionally, IRC § 2503( e) provides that qualified transfers made directly to an educational institution or medical care provider for someone else’ s benefit are not subject to gift tax.
While the scope of benefits from utilizing our Benson Financial Trust exceeds the purview of this overview, upon Bob’ s death, the trust experiences no probate court, no death tax, no estate tax, no inheritance tax, no generationalskipping tax, and no stepped up basis on trust assets. Instead, the beneficiaries may become the new trustees and immediately takeover control of all trust assets. Not even spouses of the new trustees may invade assets of the trust given the spendthrift provisions supersede prenuptial and postnuptial agreements. This is how many wealthy families have taken humble beginnings and grown them into impressive estates, allowing the control of that wealth to be passedon from generation to generation.“ Own nothing; control everything.” You don’ t have to wait to be a multi millionaire to take advantage of our irrevocable spendthrift trust. Quite the opposite. Your chances of becoming a millionaire improve exponentially by taking advantage of our original, proprietary and copyrighted Benson Financial Irrevocable Spendthrift Trust.
Documentation
Please visit our Irrevocable Spendthrift Trust webpage and download the Free Information Package with Legal Opinions on our Benson Financial Trust today. Visit us at www. AssetProtectionServices. com.
Consultation
MEET JAY BUTLER
Jay Butler is the Trustee of Asset Protection Services of America Trust, Manager of State Trustee Services LLC and the former VicePresident of Sales and Marketing for Corporate Support Services of Nevada, Inc. Mr. Butler holds a Bachelor ' s Degree of Fine Arts from Boston University.
Jay has provided customized business entity structuring for clients in all 50 states along with some of the most respected names in the industry including the Jay Mitton organization " the father of asset protection " and Real Estate Investor Association seminars. He also appeared in numerous magazine articles in Reality 411, Ca $ hFlow and REI Wealth.
While working with Wealth Protection Concepts, LLC under the tutelage of the former Las Vegas and North Las Vegas city attorney Carl E. Lovell Jr.( now deceased from Leukemia), Mr. Butler was bestowed the title of " Asset Protection Planner " for his competency and experience. He also coauthored the first edition of his book " Cover Your Assets: Legal Authorities on Asset Protection, Tax Strategies and Estate Planning " © 2006 with Dr. Lovell.
When residing in Zug, Switzerland, Mr. Butler was the Associate Director of“ COHandelszentrum GmbH” providing Swiss company formation and administration services and executed a fullrange of fiduciary responsibilities including client support and international corporate compliance services( KYC, FATCA, AML and FATF).
Jay builds his relationships through consistent attention to detail and reliable support. He has traveled extensively throughout the United States( having visited 49 of the 50 states), explored 40 nations worldwide, and has lived in a total of 7 countries throughout North America, Central America, the Middle East, North Africa and Europe. Jay holds dual citizenship in the United States and Italy and permanently resides with his wife and daughter in Puglia.
To“ Schedule an Appointment” just‘ click’ on the top righthand corner of any page at https:// www. assetprotectionservices. com / and reserve your free 90minute consultation now.
Disclaimers
“ Bob” is a fictional character and any resemblance to real persons, living or dead, is purely coincidental and unintentional. No representations or warranties are given or implied to render any accounting, financial, investing, legal, tax or other professional advice.
Asset Protection Services of America Trust
Jay Butler, Trustee
732 South 6th Street Suite N Las Vegas, Nevada 891016948 Office:( 775) 4615255
Website: www. AssetProtectionServices. com
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