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Post by Ssmith on Sun Mar 10, 2019 1:22 pm

"Q: One says we exchange in Private NAME ONLY, others say MUST Use a TRUST... do you have input? SOME close do not have a Trust and don't want bank being 'best friend' in control... INPUT?

MZ: Our tax and banking structure is supposed to change. Mr. C and I are exchanging into our own peivate names…..We feel for now that trusts can be highjacked….always find a professional with these questions …..

Member: Keep in mind a trust or LLC etc will make it a taxable event

MZ: I do believe that exchanging into a trust or LLC will make a non-taxable event into a taxable event. That is why I will not be doing it."


Learn about a unincorporated business Trust i e Massachusetts common law Trust..or pure trust organization

Massachusetts trust is an unincorporated business association created at common law by an instrument under which property is held and managed by trustees for the benefit and profit of such persons as may be or may become the holders of transferable certificates evidencing beneficial interests in the trust estate...

Go to https://www.scribd.com/
And look it up..or go to
https://famguardian.org/ and search.
Ssmith
Ssmith
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Posts : 20038
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