The trust contract is filed with the county recorder and
becomes a public record. This part of the trust documentation
contains a record of initially exchanged property, such as
"a desk and four chairs."
Personal assets can subsequently be exchanged into the trust. Such exchanges are recorded in the trust minutes, a private
set of documents completely under the managing director's control.
The public record contains no references to you as managing
director. Yet, as managing director you have complete practical
control over the assets and affairs of the trust. Your
appointment as managing director is included in the trust
minutes, a set of private documents over which you
have complete control.
In the same way you can manage one or more businesses
owned by such trusts. The county recorder filing number
can sometimes be used to open bank accounts and investment
accounts. These accounts can be set up so they don't have
any "number" that can be easily linked to you. Whatever
the bank reports is about the trust not about you.
You can close all bank accounts bearing your personal name and social security number. This structure maximizes
your privacy. It enables you to organize your affairs
so you pay as little or as much tax as you choose. Through
the trust minutes you appoint successor managing director(s)
who take over control of the trust, its assets, and affairs,
according to conditions you specify, under the direction
of the certificate holder (s). The trust need never "die" -
so there is no probate and never any estate taxes.
Professionals such as doctors and dentists can reduce
or eliminate their need for liability insurance. By
exchanging their assets and practices into Pure
Contract Trusts, they reduce their own ownership
to little or nothing. Different assets can be exchanged
into separate trusts - individual "watertight compartments."
No attorney is necessary to set up the Pure Contract Trust
structure. In fact, practically all U.S. attorneys are statutory
attorneys. They swear an oath to uphold a State Constitution,
not the U.S. Constitution. Most attorneys know little
Constitutional/Common Law. They are unfamiliar with
Pure Contract Trusts. Every aspect of the Pure Contract
Trust is lawful. As you will see in the following pages,
the Pure Contract Trust is guaranteed by the U.S.
Constitution, many Supreme Court decisions and other
court decisions.
It is unlikely that the "ruling elite" will change the rules
in the near future to disallow such trusts. It is precisely
through similar trusts that many of the richest families
of the "ruling elite" - the Rockefellers, Kennedys, Hunts, etc. -
have conducted their affairs in privacy, while reducing or eliminating
taxes. The "ruling elite" do not shoot themselves in the foot!
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