Pure Trust Organizations FAQs

Pure Trust Organizations FAQs

Is the purpose of a Pure Trust Organization to avoid taxation?

on . Posted in Pure Trust Organizations FAQs

Actually, the primary reasons most people set up a PTO are privacy, liability protection, and freedom from probate and inheritance taxes.

However, PTOs do not have any inherent tax liabilities.  A PTO will sustain a tax, however, if it engages in a taxable activity.

If I place my property in a Pure Trust Organization, do I still own it?

on . Posted in Pure Trust Organizations FAQs

No. The reason a Pure Trust protects property for you is because you give up ownership of the property, along with its inherent liabilities. However, you retain the beneficial interest in the trust.


This also means that nobody can make a claim against the property held in trust to satisfy an alleged grievance against you.

If I place my property in a PTO, do I still have complete control over it?

on . Posted in Pure Trust Organizations FAQs

When you put property into a PTO, you divest yourself of legal control of the property.  However, in a properly designed PTO you retain practical control, which is what most people want in the first place.


The question of who has legal control over the property determines whether or not the trust will actually be successful in protecting the property from regulations, taxation, control, etc.


You can ensure that your wishes concerning trust property are respected by working with your Protector, whose job is to protect your interest in the trust.

 

If I have a judgment or lien against me, can property previously placed in a PTO be seized?

on . Posted in Pure Trust Organizations FAQs

No.  Trust property does not belong to you, so it cannot be attached in order to satisfy a claim against you.

If I place real property into a PTO , does property tax still have to be paid on it?

on . Posted in Pure Trust Organizations FAQs

Property taxes are assessed because real property has been recorded with the County Recorder or Registrar of Deeds.  There is no law requiring a property owner to record his property, so the recordation of same is considered to be a voluntary use of government services.  The property tax is assessed as a result.

If you wish to opt out of property taxes, first be advised that you should not attempt to do so unless you are prepared to fight that particular battle.  Opting out of property taxes will someday likely result in a direct
confrontation with government, which will not let go of control of property easily.

For more information on opting out of property taxes, call 888-385-3733 to set up a consultation.

If I place a business or other revenue-generating asset into a PTO, am liable for income tax?

on . Posted in Pure Trust Organizations FAQs

Am I liable for income tax on payments made to me by the trust?

No to both questions.  Earnings that come into the trust belong to the trust, which has no IRS reporting requirements or inherent tax liabilities.

Further, any payments made to you by the trust, whether salary or distribution, are private in nature and therefore, unless you choose to report your private earnings to the IRS, you are not liable for income tax on those amounts.

Does Freedom Bound International act as Fiduciary Owner for PTOs?

on . Posted in Pure Trust Organizations FAQs

Freedom Bound International is the Creator of our PTOs and so cannot act as Fiduciary Owner.  Brent Johnson can act as your Fiduciary Owner.  Also, Brent has trained others to act in this capacity.  Contact Freedom Bound International at 888-385-3733 for current information on Fiduciary Owner fees.

Under what law does a Pure Trust Organization operate?

on . Posted in Pure Trust Organizations FAQs

A PTO is a private contract, so it is fair to say that a trust operates under contract law.

Additionally, the U.S. Constitution, Article 1, Section 10, prohibits government from obstructing the obligation of contract.  In other words, private contracts are constitutionally protected from government infringement.

Have the courts ever upheld a Freedom Bound International Pure Trust Organization as invalid?

on . Posted in Pure Trust Organizations FAQs

No. Never.

Have the courts ever upheld a Freedom Bound International Pure Trust Organization as valid?

on . Posted in Pure Trust Organizations FAQs

Our trusts have sustained both IRS challenges and court proceedings.  In each and every case, our trusts have been left alone.


In the case of the court rulings, they involved spouses of clients who were divorcing their husbands, and who wanted to pierce the trust veil of protection.  In each case, the courts refused to pierce the trust veil, thereby upholding the status quo.

Eulogies

Eulogy for an Angel
1992-Dec. 20, 2005

Freedom
2003-2018

Freedom sm

My Father
1918-2010

brents dad

Dr. Stan Dale
1929-2007

stan dale

MICHAEL BADNARIK
1954-2022

L Neil Smith

A. Solzhenitsyn
1918-2008

solzhenitsyn

Patrick McGoohan
1928-2009

mcgoohan

Joseph A. Stack
1956-2010

Bill Walsh
1931-2007

Walter Cronkite
1916-2009

Eustace Mullins
1923-2010

Paul Harvey
1918-2009

Don Harkins
1963-2009

Joan Veon
1949-2010

David Nolan
1943-2010

Derry Brownfield
1932-2011

Leroy Schweitzer
1938-2011

Vaclav Havel
1936-2011

Andrew Breitbart
1969-2012

Dick Clark
1929-2012

Bob Chapman
1935-2012

Ray Bradbury
1920-2012

Tommy Cryer
1949-2012

Andy Griffith
1926-2012

Phyllis Diller
1917-2012

Larry Dever
1926-2012

Brian J. Chapman
1975-2012

Annette Funnicello
1942-2012

Margaret Thatcher
1925-2012

Richie Havens
1941-2013

Jack McLamb
1944-2014

James Traficant
1941-2014

jim traficant

Dr. Stan Monteith
1929-2014

stan montieth

Leonard Nimoy
1931-2015

Leonard Nimoy

Stan Solomon
1944-2015

Stan Solomon

B. B. King
1926-2015

BB King

Irwin Schiff
1928-2015

Irwin Schiff

DAVID BOWIE
1947-2016

David Bowie

Muhammad Ali
1942-2016

Muhammed Ali

GENE WILDER
1933-2016

gene wilder

phyllis schlafly
1924-2016

phylis schafly

John Glenn
1921-2016

John Glenn

Charles Weisman
1954-2016

Charles Weisman

Carrie Fisher
1956-2016

Carrie Fisher

Debbie Reynolds
1932-2016

Debbie Reynolds

Roger Moore
1917-2017

Roger Moore

Adam West
1928-2017

Adam West

JERRY LEWIS
1926-2017

jerry lewis

HUGH HEFNER
1926-2017

Hugh Hefner

PROF. STEPHEN HAWKING
1942-2018

Hugh Hefner 

ART BELL
1945-2018

Art Bell

DWIGHT CLARK
1947-2018

dwight clark

CARL MILLER
1952-2017

Carl Miller

HARLAN ELLISON
1934-2018

Harlan Ellison

STAN LEE
1922-2018

stan lee

CARL REINER
1922-2020

Carl Reiner

SEAN CONNERY
1930-2020

dwight clark

L. NEIL SMITH
1946-2021

L Neil Smith

JOHN STADTMILLER
1946-2021

L Neil Smith