What Does WSOMN's SNAKE Think of the Master's Trust? 4/30/17

by **Ssmith** Mon May 01, 2017 8:39 am

Snake

Banks are required by law to publish any and all fees they are allowed to charge the consuming public, they cannot just make up a charge

Snake

You really do not wish to get interest as you hope to establish a dba or trust account or foundation in other than your name to be in a position to utilize all the fringe benefits that such an organization can redirect to you on a tax free or tax deferred basis but also not to find yourself in a position that you are now obligated for filing and paying a tax on some asset you wish to totally control but not have any implication of ownership

Snake

You really do not wish to get interest as you hope to establish a dba or trust account or foundation in other than your name to be in a position to utilize all the fringe benefits that such an organization can redirect to you on a tax free or tax deferred basis but also not to find yourself in a position that you are now obligated for filing and paying a tax on some asset you wish to totally control but not have any implication of ownership

Bigrich

Hi Snake are you familiar with the masters trust out of Dallas ?

Snake

Familiar with them do not use them as I deal with a really great attorney who I have dealt with professionally since the early eighties

Snake

From all I hear they produce excellent documents and comparatively are not out line in their fees

Bigrich

Thank you I have used them

Snake

In the practice I had was in a position to meet and use some excellent board certified attorneys many of whom are also CPA's

Boots2

The name ?

Bigrich

MastersTrust from Rosen and Rosen

BeagleEyes

Bigrich is that the firm Gerry was working with?

Snake

Do they offer Corporate Sole's Big?

Bigrich

Not that I am aware of its the non grantor (settlor) complex spin thrift etc... At MastersTrust.com ha I should refer and get a commission as an rep but i am happy to just RV!!!!

Snake

It is for me along with some other sheltering opportunities especially if you utilize Sect 508 (A) vs 501 c (3) which makes you a state chartered corporation

Snake

You can thank Lyndon Johnson for that in the 1954 IRC act

Snake

They have about doubled since I set mine up but you can structure you exchange vehicles on an interium basis and create an affidavit before a Notary with two unrelated witnesses indicating your intentions upon full exchange stating the exceptional delays in the release of funding being the underlying reasons behind the delay

Sandnsea

Snake, did an attorney do a Corp Soul for you?

Snake

One can get very creative using trusts, I have one for my cattle, however I own all the Bulls outside the trust so I charge myself for fertilization of the cattle from the trust acct but then sell all the calves thru the trust hence no personal tax on the sale of cattle but offsetting deductions for grazing rights equalling seman fees

Snake

Some other thing that anyone who plans on establishing some humanitarian projects who is interested in having children and grandchildren receive a future benefit is look into an often overlooked aspect of the code ~ Non Qualified Deferred Compensation

Snake

You are so valuable to the future of this organization and we just cannot do without you we as a board have decided to establish a futrre benefit so you will never consider leaving our management team

Snake

Someone said earlier they were not an attorney they just play one on TV well I am not an attorney but only because I did not sit for the bar exam however I did attend and complete law school, spent close to 40 years in the investment banking business and do not charge for what I post, hopefully it will lead to further investigation, nite and God Bless

Sunnysplace

THANK YOU SNAKE FOR ALL THE EXCELLENT INFO YOU BRING US.....

giraffe wrote
1m ago

I am JUST coming in and see that Snake has shared a lot of info, I pray that someone has captured it for all of us to learn.... Please and Thank You

No problem, Giraffe. I got it!

by **Scotchie** Mon May 01, 2017 10:36 am

All the very precious time spent discussing trusts and other financial entanglements for the potential revaluation of the dinar, and cashing in of the zim(scam), is just wasteful. Shame.

What Does WSOMN's SNAKE Think of the Master's Trust? 4/30/17

What Does WSOMN's SNAKE Think of the Master's Trust? 4/30/17

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