Biography
In the early 90s Mr. Bernie E. Besherse started to expand the depth and breadth of his knowledge to encompass domestic and foreign Trusts. He became personally involved with a Foreign Grantor Trust in 1994. This trust is still in existence, to this day, even though it has changed jurisdiction twice.
In 1996, Bernie was asked by his long time mentor to assist in writing corporation sole documents in preparation of the mentor’s retirement. In 1997, Bernie began writing corporation sole for clients. The aim: maximum protection and minimum taxation as permitted by existing laws.
Bernie has been optimizing the Trust and Corporation Sole documents throughout his career as a legal researcher and the author of legal documents for many financial vehicles. None of the documents, even the very earliest, has ever been taken to court by the IRS or any other plaintiff. There are always going to be changes in the laws, so Bernie and his team of experts, are fanatic about up-to-date research and continue educating their clients to keep them from ever being challenged.
Bernie is a Religious Court Judge operating in accord with the laws of the State of Wyoming with the complete authority of a recognized, incorporated City Government. He is not a Bar Licensed attorney. By staying several steps ahead of the financial predators and by following the IRS laws to the letter, he helps his clients to remain in full compliance with the existing laws and enjoy a peaceful life.
Please learn more about Bernie Besherse by listening to the many audios found under the Archives Tab.
Maximize Protection - Minimize Taxation
| Introduction: | |
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Hi There! My name is Bernie Besherse. I am very happy to take this opportunity to help each and every one of you learn about the laws that the government of the United States has put in place to help you protect the resources of your family. In this document I refer to your family as your “religious society” as permitted by existing laws. I am going to explain this reference. In the name of transparency and good quality education, in this website, I share with you, very valuable information. When you have a questions, please write to me at Bernie@TheUltimateInAssetProtection.com. My aim is to demystify and simplify the following information yet keep it in the precise language that is prudent when dealing with legal matters. The more you know, the less you are in the dark, the better you will adhere to the laws and the less you depend upon me by feeling empowered to ask good quality questions of your legal, accounting and investments advisors. www.TheUltimateInAssetProtection.com places at your disposal and for whatever length of time you may need, professional tenured Teachers of The Law through www.YourRemedyIsInTheLaw.com. As well, should you feel the need to utilize USA based lawyers, CPAs and Investment advisors, YRIITL will provide responsible referrals. You may reach out to these highly knowledgeable licensed and unlicensed professionals as you go through your life, post RV. I am a Judge, I am not a lawyer. I prepare and create Trusts and other legally sound vehicles and help my clients incorporate, through which, the clients enjoy a superior financial structure. I have been professionally writing Corporations Sole and Trusts since 1996. I have been living in Panama since 2006. Since 2007 I have also been writing Panama Private Interest Foundations, which are very similar in capacity to Corporations Sole, but quite different in implementation and purpose. Panama is a special country in the banking community, in a manner similar to Hong Kong, Switzerland, Singapore and England. My group is made up of multiple talented professionals. I have personally selected all of them. I write, create, approve and support specific legal documents as part of the over-all services of our group. Although the group offers multiple services, the document you are reading, covers the generalities of asset protection service package. In my opinion, teaching anything less than a complete package to someone who is only beginning to learn how to use asset protection, is less than fair. The good news is that we are experts and you are qualified to explore the benefits of our services. You are in good hands. Further good news is that, what you must learn is relatively simple and we perform the more involved tasks for you. So be prepared to learn new and exciting concepts that can help your family (your religious society) live a richer, more financially sophisticated life for many generations. Some Students are served by some of our services, others may need more sophisticated financial vehicles and planning. We offer a complete set of services. We also offer advance training for those who wish to learn the higher laws of asset protection, legal off-shoring and engaging in business and commerce without nullifying their Trusts and Corporations Sole. Think of a horseshoe! You are going to notice that we share some of the most intimate details and secrets of our services, methodologies, approaches and the laws we use to serve you; none of which makes us vulnerable to copyright infringements, unfair competition and more. We believe the value in being upfront with our Students, from day one. We believe that most people are honest and we are here to serve them. The documents that we author and the services that we provide enjoy a very enviable reputation for reliability. The purpose of this document, our website(s) and training workshops, is to share with you the very best of my experience, in estate planning, and in asset protection, through a vehicle called Corporation Sole, so you will be able to protect your family’s money and property against inflation and devaluation in the coming years. You will also learn how to develop a workable, legal, and SAFE plan for protecting the things that you currently own, and the things that you will be getting in the future.
I hope you have a pencil and paper, and that you will be taking some notes for future reference. Also write your questions and if they are not answered by the materials that we have available in this document or on the website, then send in those questions by emailing me at Bernie@TheUltimateInAssetProtection.com |
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| My philosophy: | |
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I want to help you do it right the first time, because the time for action appears to be short (as the RV may happen at any time), and you will most likely not have an opportunity to do it over again. Changes always cost money, even though in the end the changes might require less material. That is never more true than in Financial Services. When you receive incompetent, or worse, unscrupulous financial advice, it can cost you much more than the advertised price. In some cases, it can cost you everything. My Students learn how to legally, morally, and ethically Own Nothing and Control Everything, so they can make more money, save more money, and have more money to give to their loved ones for generations to come. For PERSONAL asset protection inside the USA, I offer a Corporation Sole for protecting money and property, along with one or more Charitable Religious Trusts (aka CRT, more on this later) to isolate and insulate liabilities like automobiles, homes, boats, motorcycles, investment properties, and for managing specific charities. The right combination of Charitable Religious Trust(s) and a Corporation Sole gives you a way of holding and managing all non-business cash reserves, stock portfolios, property, and investments in a tax-efficient manner. Most people only need personal protection. Some people need a more corporate plan where they own and operate one or more businesses. If you are such a person, contact me at Bernie@TheUltimateInAssetProtection.com and I will custom create a plan that best fits your needs. Remember, the Charitable Religious Trust and the Corporation Sole are NOT for doing business under any circumstances – other suitable vehicles are available for doing business and conducting commerce. Again, think Horseshoe. Estate planning is an important part of a comprehensive financial road map. Elimination of estate taxes is one of the exciting benefits of my services. Personal estate planning and asset protection for most of us is best served with the right combination of a Corporation Sole and/or Charitable Religious Trust(s). I will spend most of the remainder of this document, addressing the features of Corporations Sole (CS) and Charitable Religious Trusts (CRT). |
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| People will most likely want to know a little about my experience that qualifies me to help you with these decisions: | |
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I won my first traffic case in a very unusual manner in 1966, at about 20 years of age, in a small town in rural Georgia. I have been studying law as a serious sideline since then. In 1986, I was selected for jury duty in what turned out to be the longest and most expensive murder trial in Alaska State history. This was a great opportunity for me to watch some Ivy-League attorneys display their skills in front of a reasonably fair Alaska Superior Court Judge. The case lasted eight months from Jury selection to mistrial. Jury deliberations lasted two weeks. Because the trial ended with a hung jury (with 9 of the 12 jurors voting “not guilty”), I assisted the defense attorneys in re-examining the evidence so they could better explain to the next jury why the Prosecutors had charged the wrong man with the crimes. In a large part, it was because of some of the evidence that I found in the notebook of one of the investigating officers that the second jury’s deliberations lasted only two hours. The second jury came back with a unanimous vote of “Not Guilty” on all charges. It feels good to know that I had a part in sending an innocent man back home to be with his family. For me, it was also an excellent opportunity to watch the REAL court system in action. Most practicing attorneys only get a few dozen hours of courtroom observation before they start charging people for legal advice. In that one court case, I got more than 1,000 hours of high-quality courtroom observation and education with a front-row seat. I am not a lawyer, but I can use the knowledge of court procedure that I gathered during eight months of jury duty to prepare solid paperwork for my Students that keeps them OUT of court. |
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| My personal history of assisting with Asset Protection: | |
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I began learning about domestic and foreign trusts back in the early 1990s. I became an agent for a Foreign Grantor Trust in 1994. This trust is still in existence, to this day, even though it has changed jurisdiction twice. Back in 1996, I started helping one of my mentors write his corporations sole. By 1997, I was writing corporations sole on my own. I have been improving my documents and expanding the list of support documents all these years. None of my Corporations Sole, even the very earliest, has ever been taken to court. There are always going to be changes in the laws, so I will continue to do the legal research that will keep my donors from ever being challenged in court. By reading, knowing and understanding the law, this enables me staying above reproach with regards to the IRS and financial predators. I am able to comply with the law and protect my Students very well. Because most courts operate primarily on presumptions, part of the reason for using entities like Corporations Sole and Charitable Religious Trusts is to be able to present solid, legal evidence that rebuts the presumptions about yourself as being a liable party. |
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| What is a Corporation Sole? | |
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A Corporation Sole (also known as Corporation Sole office) is created by an existing religious society (that is you and at least one other person, a spouse, a family member, a friend etc. who have been following the same faith or have held the same belief in religion or spirituality for some time). Note: The term Religious Society refers to a group of two people or more who share the same religious OR spiritual beliefs). The Corporation Sole office is the interface between the religious society (or the unincorporated church – if you represent a church) and the outside world, and has the official duties of managing the affairs of the group (that is the members of the religious society, you and at least one other person) out of which the office was created. As an example of managing the affairs of the group, the Corporation Sole (with you as the Sole Administrator and decision-maker) may choose to pay for college tuition, or pay for trips, or purchase a home or a vehicle (the titles of which are held by Trusts we create) for the benefit of one or more members of the religious society. A Corporation Sole cannot create itself, it cannot be sold to you and you cannot purchase one. The Corporation Sole’s Articles of Incorporation (plus all supporting documents and materials) that is filed with the state is created by an existing religious society (that is you and one other person), church, or other qualified organization. In short you (the Administrator [some time referred to as Manager] of your Corporation Sole) are the Incorporator – This is what is required of by the state of Wyoming. No one can sell you a Corporation Sole. The state statutes stipulate that you, as the existing officer of an existing religious society must make, subscribe, acknowledge, and file the Articles of Incorporation. We prepare for you all the necessary paperwork, you read these documents and ask questions. When we are both satisfied, you notarize them and we instruct you as to where to send these documents for proper filing. My function, therefore, is to provide expert assistance in looking out for your religious society, much the same as hiring an auditor or an attorney. |
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| Over time we have had the privilege of studying some Corporations Sole created by others. These are serious legal documents and as with any serious legal documents, the language used is of utmost importance. One word or sentence out of place, missing or up for interpretation, COULD cause serious problems. Some mistakes that other Corporation Sole document providers have made are that: | |
One California company would prepare an “off the shelf” Corporation Sole for the purpose of hiding the actual Manager’s name. (When the Manager’s relationship with the Corporation Sole cannot be exposed, then the Corporation Sole’s Manager cannot be protected. They are fleeing when no one gives chase, indicating mens rea. Mens rea is the Latin, legal phrase meaning “Guilty Mind.” People who know that they have done something illegal or immoral will usually take steps to prevent their actions from being known, well before anyone has a chance to discover that there has been a crime committed. No District Attorney would hesitate for a second to bring suit against a Corporation Sole document that attempts to hide the identity of the principal officer.) Some Corporation Sole salesmen thought that they could actually make up their own laws! (One of them told his clients that by being the Manager of their Corporation Sole, the Manager enjoyed diplomatic immunity. Diplomatic immunity is a result of treaties between sovereign nations, and the details of the immunity are mutually agreed upon. Again, when a District Attorney can show this level of ignorance and arrogance in the Corporation Sole document, the Corporation Sole provides very little legal protection. This will be clarified more when discussing the features of a Body Politic.) In a few Corporations Sole's I've reviewed by supposedly Christian preparers, there are instances where the documents were prepared by someone who made up verses that do not exist in any version of the bible, either in Hebrew, Aramaic, Greek, or in English. (Can you imagine the embarrassment of the Manager of the Corporation Sole if he were asked to read those verses in court?) One Corporation Sole provider purports to act as the Registered Agent, yet he does not even live in the state in which he files the Corporations Sole. (That state, and all states, require that the Resident Agent live inside of that state, so from the day that he moved outside of that state, all of the Corporations Sole that he is paid to represent are inactive.) When the major sources for Corporation Sole documents were of the same caliber as those described above, is it any wonder that the IRS would put out an advisory against Corporations Sole scams? Given all of the evidence, it really looks like the IRS was doing people a BIG FAVOR by issuing the warning about Corporation Sole Scams. Many of them actually WERE scams. With most of the Corporation Sole scammers now being under injunction, in jail, or hiding in non-extradition countries, Corporations Sole have not been actively discouraged by the IRS for the past few years. (Incidentally, Panama is not a non-extradition country.) Seeing all of these horrifying examples of gross errors in the works of others inspires me to concentrate on simple language, dealing only with the laws governing Corporations Sole, and maximizing on the advantages that are provided by each of the five jurisdictions in which I help people file a Corporation Sole. Again, Corporations Sole are for protecting the private, religious portion of your society (which includes your family), whereas your business and commercial interests should be dealt with using a correctly-owned LLC or other appropriate vehicles. By separating and keeping separate the private, money-spending, tax exempt, religious portion of your life and never co-mingling it with the commercial, money-making, potentially tax-paying portion of your life, then BOTH sides of your life are protected by and according to the existing law of the land. |
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| Are there advantages and disadvantages of filing in certain states? This is the short version. The long version is taught as part of our training workshops. | |
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All jurisdictions recognize that the Corporation Sole PRE-EXISTED the application for recognition by the state. It is a universal principle that “the creature owes its servitude to its creator.” When the state recognizes that the government did not create the office, then they are also admitting that the primaryallegiance of the Corporation Sole officer is to the founding society or church, and not to the government. Arizona’s statutes extend the use of a Corporation Sole to educational institutions and for pure science research operations that have no expectations of earning money. There is no need to be a church or religious society if you qualify under one of the other provisions. Montana’s Corporation Sole statutes stipulate that the Corporation Sole can operate and own property in any country on earth. Nevada has an extremely long and very clumsy naming system. That naming system forces male gender titles even when the Manager is female. Washington state stipulates that people can use Corporations Sole for organizing such things as a cemetery society, a performing arts group, or a museum society. These have absolutely nothing to do with religion, but can be non-profit organizations. Also, the Revised Code of Washington says that the Corporation Sole is “a body corporate and a corporation sole,” not a body politic. This reduces the value of filing in Washington unless you actually live there. Washington state uses words in their statute saying that ALL of the assets of the Corporation Sole must be used for the benefit of the general membership. The plain wording of this statute does not reserve the right of Washington state to tax anything that belongs to the Corporation Sole. Because Washington state says that they will not tax the Corporation Sole, I do not have to make the promise. The laws of other states make similar statements. Wyoming and several other states have provisions that allow the Corporation Sole officer to file a list of assets that he is currently holding in his own name on behalf of the religious society or church, thus effectively back-dating the acquisition of ownership of these assets by the Administrator as of the date of acquisition of the assets by the Corporation Sole. There is a recent court case showing that this is still viable, and very much a part of the settled, legal rights of a Corporation Sole. The only rights and powers that the government can claim over the Corporation Sole are the rights and powers that are given away to the state within the Articles of Incorporation, themselves, plus those rights and powers that are stipulated in the laws that authorize state recognition of the Corporation Sole to which the Corporation Sole signifies agreement by applying for recognition under those statutes. This is a very important point. Please re-read this paragraph if you value your privacy. |
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| Writing style is important: | |
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Our documents are written using a conservative writing style that makes it very difficult for judges to manipulate the meanings by using judicial discretion. We use words that have precise meanings, and we avoid any ambiguous phrases. Only positive or negative words should go into a legal document. Ambiguous, vague, or indistinct words should never be used. For instance, where some authors would say “If this event occurs, then the Administrator shall take this appropriate action.” The word “if” indicates that the writer is not sure that the event will ever occur. I know virtually no one who can define the precise meaning of the word “shall,’ but it is usually indicative of future tense. In making a statement similar to the above, it would be better to say “When this event occurs then the Administrator takes this appropriate action.” This is a statement that a court can enforce. When the Manager does not take the action, the Manager is failing in his or her written duty. There are many examples of words that mean one thing in the ever-day spoken English and the same word has a different and precise meaning when used within legal documents. The author of legal documents must be fully aware of the meaning of words within legal context. |
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| Corporations Sole can give us an advantage when they pay for our earthly needs, anonymity not forgotten. For example: | |
Section 501(h)specifically exempts offices and organizations like a Corporations Sole and Religious Trusts. As new millionaires, you can support your favorite political cause through the sheer force of money. Help your favorite candidates and causes win. The Corporation Sole or a Religious Trust can send tax immune donations in any amount to a Panamanian Private Interest Foundation (PIF). More on this at our training workshops. Suffice it to say that, if you choose to transfer your money off-shore, PIFs are a part of the solution. |
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| The following things would cause problems for your Corporations Sole: | |
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DO NOT do this: Operating or managing a business with a Corporation Sole is definitely going to cause problems, especially if you have a payroll and must pay social security and do payroll deductions for the IRS on your employees’ paychecks. Corporations Sole are NOT FOR BUSINESS! DO NOT do this: You cannot work for taxable, W-2 wages, donate all of the money to a Corporation Sole, and live on the money you gave to the Corporation Sole as if it were yours. [Rev. Ruling 2004-27] DO NOT do this: You cannot donate all of your taxable, 1099, income from corporate, partnerships, sole proprietorship, or W-2 sources to a Corporation Sole under any circumstances. [Rev. Ruling 2004-27] The reason is that when you have tax obligations to the IRS, then you need to fulfill those obligations. In other words, pay your taxes. The Internal Revenue Code mandates that the Taxpayer can only donate a certain amount or percentage of his income to a charitable work. Exceeding those guidelines calls for an examination or audit. If you do this, knowingly or unknowingly we cannot help you. Follow the letter of the law. It’s simple. Also, in general, the Corporations Sole would have their bank accounts in the USA. Many countries recognize foreign corporations (such as a US corporation, Wyoming registered Corporation Sole) and MAY allow bank accounts to be opened. Some countries MAY NOT allow opening of accounts for foreign corporations want you to use that country’s entities. When you, as a private individual or Taxpayer, move money into a Swiss Annuity, you have to report to the IRS that you transferred money. When you, the Administrator of a Corporation Sole move money into a Swiss Annuity, Under IRS code 6033, the Corporations Sole and Religious Trusts have no such reporting requirement. This makes life much less complicated. No reporting requirements means not filing of tax returns either for your Corporation Sole nor for the Charitable Religious Trusts that we Create for you. |
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| How can you maximize on the benefits offered by a Corporation Sole or CharitableReligious Trust under the existing IRS codes? | |
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The Corporation Sole cannot engage in business, but the Corporation Sole can own property. Shares of corporate stock are property. An LLC or a normal Corporation does the business, and the Corporation Sole derives passive income off of the membership or the shares of stock. This is a simple solution, it completely satisfies the law. There are other and better ways of handling the situation, also. You will learn more about this topic as you attend our trainings. You might also arrange for an association between the Corporation Sole and a Panamanian Private Interest Foundation for safe holding of your cash reserves, for investment in foreign stocks, and keeping money in foreign bank accounts that are denominated in currencies that have more stability than the U.S. Dollar. Because the Private Interest Foundation can also send and receive unlimited amounts of funds to and from a Corporation Sole without creating a tax event, this forms an ideal relationship. |
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| What are the differences in capabilities of a Corporation Sole and a CharitableReligious Trust? | |
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The Corporation Sole is recognized by the civil governments as a Body Politic, which is a self-governing, municipal corporation. This means that the civil governments (city, county, state, and federal) must recognize the Corporation Sole’s right to regulate and govern the members of your society and the society’s property as long as they are inside the exclusive jurisdiction of your Corporation Sole. The relationships between the society that initiates the Corporation Sole, the actual Corporation Sole, and the civil government with which the Corporation Sole is filed is roughly the same as the relationship as between the village of Hammondville, Alabama, the County of DeKalb, Alabama, and Alabama state. The unincorporated village of Hammondville is located in the incorporated county of DeKalb. Both of them are located in the incorporated State of Alabama. While both the county and the state are self-governing, there are limits on their power. They cannot impose their internal laws on outsiders unless the outsiders voluntarily consent to their jurisdiction. As a traveler on DeKalb County Highway 7 passing through Hammondville, the traveler is not subject to any of the rules or customs of Hammondville, although they are subject to the County and State rules governing travel along DeKalb County Highway 7. DeKalb County is not a law unto itself, however, because it is subject to regulation by higher lawgivers. Someone actually living in Hammondville is subject to the ordinances of DeKalb County and the statutes of Alabama, and if he is a member of your Corporation Sole’s group, he/she is also subject to your Society’s internal law. The members of the religious society represented by the Corporation Sole are subject to whatever law is stipulated in your articles of incorporation. This law could be the Book of Mormon, the Holy Bible, the Koran, the Torah, the Upanishads, or the Vedas, (to put some examples in alphabetical order). It makes no difference to the other Municipal Corporations like the other cities DeKalb County like Collinsville or Valley Head, or even Alabama state. When you stipulate your religious law source in your Articles of Incorporation for the Corporation Sole, then the members of your Corporation Sole cannot be chastised by the civil governments for doing things that are authorized by your law-books as long as the actions are not “against the peace and dignity of the community” or cause a “clear and present danger” to the community. The civil governments cannot interfere with the Corporation Sole for disciplining a member who violates their internal laws. There are supreme Court decisions and federal laws regarding this issue. In states where the statutes stipulate that the Corporation Sole is a Body Politic, Corporations Sole have all of the same rights and powers of a normal city, county, state, or federal government. They can tax their members, regulate their affairs, and operate in any way that a normal municipal corporation operates. The Corporation Sole has the power of internal, self-government, but it has absolutely NO authority to dictate any terms to any city, county, state, or federal governments, or to any other Corporation Sole. Therefore, members or Managers of Corporations Sole do not automatically have Diplomatic Immunity outside of their own jurisdiction, as some Corporation Sole Gurus have claimed. A Corporation Sole operates as both a Corporation AND a Trust, holding any property or powers on behalf of the people within their jurisdiction. |
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| Charitable Religious Trusts | |
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Charitable Religious Trusts have a Creator, Trustee, and Beneficiaries, not Members or Owners. Because they are not recognized as Bodies Politic, they do not make their own, internal laws. They must follow the laws of the entity that creates them. The Charitable Religious Trust (CRT) is recognized as a tax exempt trust. Some features of normal (other) trusts are:
The Trust must return that right or power to the original owner or to a designated beneficiary of the trust, in substantially the same condition as it was received by the Trustee. The Trustee is under a very heavy, fiduciary responsibility to always act in the best interest of his beneficiary. There are some substantial differences between a common law trust, a Statutory Trust, as created by others and a Charitable Religious Trust (CRT) as created by a (our) Religious Court. A common law trust has also been called by many other names. Some of these names are: pure trust, contract trust, express trust, sovereign trust, pure contract trust, pure sovereign trust, pure sovereign contract trust, and many other exotic names. None of these are Charitable Religious Trust (CRT). We are excited about creating CRTs for a number of reasons. Essentially, a Common Law Trust is a contract between a Grantor and a Trustee, forming an agreement to hold certain rights or property for delivery at a future date to a beneficiary, who might even be the Grantor. When the beneficiary is the Grantor, it is called a “Grantor Trust.” Common Law Trusts file IRS form 1041. CRTs are not required to file a tax return. A Statutory Trust has the basic features of the preceding paragraph, but has the added feature of being able to cite a state law that authorizes the Trust, and can be more difficult for a predator to attack as long as all of the statutory requirements are followed.Statutory Trusts file IRS form 1041. CRTs are not required to file a tax return. This Charitable Religious Trust consists of an ORDER by a recognized Religious Court. The religious court was filed in Wyoming as a municipal corporation, and one of the designated, recognized powers of this Religious Court is to Create Trusts. As long as the CRT do not engage in business, Charitable Religious Trusts are not required to file ANYTHING with the IRS, as stipulated in the IRS Code in Section 6033(a)(3)(A)(i) and (iii). If you need a link to a good legal reference library, I recommend the Cornell Legal Information Institute, which is available on line. IRS Code section 6033 says that all tax exempt organizations shall file an annual return, EXCEPT churches, their integrated auxiliaries, and conventions or associations of churches, or, for the exclusively religious activities of any religious order. Therefore, your Charitable Religious Trust would qualify under section 6033 right along with your corporation sole. Among all of the ways in which Trusts can be formed, having a Trust that is the result of an ORDER by a Religious Court has the least amount of exposure for the Trustee. For instance, because there is no Grantor, the allegation cannot be supported that the Trustee is also the Grantor. As previously mentioned, a Grantor Trust is a Trust that is set up for the benefit of the Grantor, or else the Grantor and another or others. The Religious Trust is not a “Grantor Trust” because it was created by a court order and was set up for a group of beneficiaries, not for the Trustee. The single, named beneficiary of the Charitable Religious Trust is the same Religious Society that creates the Corporation Sole that we will help you file. This means that the Administrator is not a named beneficiary, other than as a member of a general class of people who are beneficiaries. This is similar to an Attorney or Bureaucrat who acts in a fiduciary capacity over a public trust, and because of his citizenship status, the Attorney or Bureaucrat also happens to be a member of the general class of Beneficiaries. Because it is not a conflict of interest for the Attorney or Bureaucrat, then it is not a conflict of interest for the Administrator of your religious society to also be the Trustee of the Charitable Religious Trust. All members of the religious society have a claim upon the assets of the Trust, in greater or lesser amounts, depending upon the rules of the Trust, using the law books and regulations of the Religious Society. The Trusts would normally not have a problem opening a bank account where ever the Trustee lives. According to my recent research into Canadian Trust Law, Canadians should not have any problem opening a bank account in Canada. Depending on the rules of the bank in which they seek to open an account, they should have no legal problem with opening a bank account in the USA for receiving any legal money transfer. The Trust’s bank account could even protect the entire amount of any insurance or court award that is assigned to the Trust. |
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| So, can the Charitable Religious Trust eliminate the need for a Corporation Sole? | |
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NO! And this is why it cannot:
None of these eleven protections are available for a stand-alone CharitableReligious Trust, and they would not even REMOTELY apply to an LLC, common law Trust, or a normal corporation. If you want this level of protection, then you must use a Corporation Sole. |
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| How do Corporations Sole and Trusts compare with an LLC? | |
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Using a Corporation Sole or Charitable Religious Trust is not only better than an LLC for protecting your religious society’s resources, but an LLC is the WRONG choice, under virtually any condition. When any financial gain for a Corporation Sole or Trust is in the form of an Award for damages, the award will be automatically tax exempt, and this status will be preserved. The Charitable Religious Trust is a tax-immune pass-through entity. An LLC is a commercial entity, that passes taxable money through the entity, and SOMEONE is expected to pay the taxes on the money that passes through the LLC. Normally, those taxes are deferred to the members of the LLC who must then pay the tax. When tax exempt award money is co-mingled with commercial money in any degree, either by donation, a loan, or some creative means, it is going to be easy for the IRS to make a case for taxing the funds because of co-mingling. |
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| What is in the Charitable Religious Trust Package? | |
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| How do I order the Charitable Religious Trust? | |
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Because the Trust is an integral part of the Corporation Sole package, the application form is the same as for the Corporation Sole. Simply click on the Products Tab or the Contact Us tab at www.TheUltimateInAssetProtection.com and directions will be given by the on how and where to send in the application for the Corporation Sole and the Trust. Directions will also be given on how to make the remittance for the services. You do not have to sign the application with pen and ink to validate the agreement. Just send it. It is called “signature by present intention” and is similar to checking the box when installing software. Additional advantages of using the services provided by www.TheUltimateInAssetProtection.com when compared with any other service provider: Benefits: Guarantee: Pre RV and Post RV programs: Please address your questions or interest to: Bernie@TheUltimateInAssetProtection.com I look forward to serving you. By using this website you agree to the Terms of Service which can be found by clicking here. The purpose of this website and emails sent from www.TheUltimateInAssetProtection.com is to offer the qualified, competent, and interested person(s) an opportunity to learn about a program that may be of benefit to such person(s). Please do your own Due Diligence before taking any action(s) you must evaluate our program for suitability and the appropriateness for your specific situation, with the help of your professional advisers such as attorneys, CPAs, etc. We are not attorneys, we are not financial advisors, we are not investment advisors. No part of the content of any website or email under the control of www.TheUltimateInAssetProtection.com may be construed as professional, legal, financial or investment advice. We are educators and providers of specialty information on certain IRS tax codes that allow the follower of such tax codes to enjoy benefits allowed by the law of the land in these great United States of America. You are required to read the Terms of Service or Disclaimer of this website, understand its significance to your complete satisfaction and agree to all terms and conditions contained therein - without exception - before you are permitted to utilize, learn from or refer to any content or references made by website(s) of www.TheUltimateInAssetProtection.com or any and all emails sent from the domains used by www.AmericansRestoringAmerica.com. |
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