Our Trusts were written to comply with Scott on Trust Law, the Restatement of Trusts, and the Internal Revenue Code. This was done so the Trust corpus would be protected from turn over orders by any court or judge, with the exception of fraudulent conveyance.

The uses for our Trusts are many and varied. In addition to regular beneficiaries, Trusts care for beneficiaries that are minor children; disabled, comatose and completely incapacitated and incompetent persons; and those who desire higher educations.

The Trustee(s) of the Trust, in the Trustee’s absolute and sole discretion, may pay any principal or income applicable to the use of a minor to the parent or guardian, to a person having care and control of such minor, or directly to such minor; or the Trustee(s) may apply the same for the minor’s benefit. The funds must always be paid on behalf of the minor to avoid income being declared by the minor, if applicable.

Whenever the Trustee(s) is authorized or directed to make a distribution to a beneficiary who is younger than 21 years of age; is incapacitated; or who is, in Trustee(s) opinion, unable to manage the distribution properly, the Trustee(s) may either make the distribution or retain the amount to be distributed in any manner Trustee may determine advisable, including any of the methods set forth in the following Section. The Trustee(s), before making a distribution to a beneficiary and to the extent that it is both reasonable and possible, must consider the ability in which the beneficiary has demonstrated the management of prior distributions of trust property.

The Trustee(s) may distribute or retain trust property in any one, or more, of the following methods for the benefit of any beneficiary subject to the provisions of the Trust:

Distribution to Beneficiary
Distribution to Guardian or Conservator or Family Member
Distribution to Custodian
Distribution to Other Persons or Entities
Distribution to Agent under Durable Power of Attorney
Retention in Trust

New Way of Doing Business Using a Proprietary Business Trust.

The Resolute Trust Package

All legal work to compile the Operations and Services Manual for the Business Trust

" Once the property is transferred into a Spendthrift Trust Organization, it is subject to its own indenture, which governs and, protects the property held by it. The government can ONLY regulate and tax entities it creates. "
Preparing the copyright

" The structure of the Copyright Business Trust is applicable to any type of business. For professional reasons, some businesses require that business be conducted through a Corporation, Limited Liability Corporation (LLC), Limited Liability Partnership (LLP), Sole Proprietorship or other legal entity. "
Filing the copyright with the Library of Congress to obtain the required copyrighted material

" The certificate of registration is issued by the Copyright Office and is the basic copyright document establishing date of publication, author, source of underlying material, contact person, and initial owner of copyright. "
Independent Agent Agreements

" The Independent Sales/Service Agents that are contracted by the Business Trust to provide services, perform sales, sell supplies, manufacture goods, resell merchandise and conduct business of any kind on behalf of the Business Trust are in total compliance with the Internal Revenue Code and completely within the law. "
Lease Agreements

" All equipment and business assets are owned by the Beneficial Trust and leased to the Business Trust are included in the Lease Agreement. "
Full on-going support

" Full on-going support is provided for consultations, documents and other support services. "

EXECUTIVE SUMMARY

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What Is A Trust?

Basic Trust Information

What Is A Trust?

Trusts are legal entities that can be used to transfer and manage property or assets. It is an ingenious entity empowering Trustees of the Trust to have and hold all control over that property or assets. The terms and conditions of the Trust strictly define the form of the trust used and the needs of the people it is created to serve.

To establish a trust, consideration of some type is transferred from a Settlor to another person (known as the trustee) with the understanding that the recipient will hold the property and assets or use them in a way that is directed or established as laid out in the terms and conditions of the trust. Anyone who benefits from the use of the property or assets is known as the beneficiary.

The property or assets that are transferred to a trust becomes the trust corpus. The Trustee of a trust is the only entity that can affect the transfer of assets, property or monies to a trust. A trust estate consists of all of the property (tangible or intangible), assets, cash, rights and obligations that are transferred to the trust. The trust estate is managed in accordance with the terms and conditions of the documents creating the trust. Because the property is held in a trust it is generally not subject to a turnover order*.

The SETTLOR sometimes called the Creator, Grantor, Settlor or Trustor, is any person who creates a trust for the benefit of beneficiaries. To establish the trust, and realize the protection afforded, the trust should be established through an initial funding by a settlor, someone who cannot be the trustee or the beneficiary. After the trust is established, the trustee may convey additional assets, tangible and intangible, to the trust for the benefit of the beneficiaries.

The TRUSTEE is a person, financial institution (such as a bank or trust company) or managing entity that holds the legal title in trust for the trust estate. There may be one or more trustees. If a trustee is unable or unwilling to serve then a successor trustee steps in to hold and manage the trust estate. The trustee is obligated to act in accordance with the terms and conditions of the trust for the benefit of the trust beneficiaries.

The BENEFICIARIES are the persons or entities which benefits from the trust estate. The rights of beneficiaries depend on the terms and conditions of the trust. Beneficiaries have no “equitable title” only a “beneficial interest” in the property or assets held in the trust. Beneficiaries have no right of management of the trust nor have any right to have access to business records or knowledge of trust business or actions.

* There are limited exceptions to being protected from creditors. It varies from state to state. For example, a statute in Texas allows a court to garnish child support payments from a spendthrift trust.

Beneficial Trust

New Way of Doing Business Using a Proprietary Business Trust.

The Resolute Trust Package

All legal work to compile the Operations and Services Manual for the Business Trust

Preparing the copyright

Filing the copyright with the Library of Congress to obtain the required copyrighted material

Independent Agent Agreements

Lease Agreements

Full on-going support

Thank you for your interest in the Resolute Trust.

Get Started

Let us show you how we can impact your tax planning. Schedule your FREE consultation today.

Contact Us

Our Mail

Basic Trust Information

What Is A Trust?

Trusts

Trust Establishment

Trust Estate

Parties To A Trust