{"id":131,"date":"2022-04-02T15:36:12","date_gmt":"2022-04-02T15:36:12","guid":{"rendered":"https:\/\/platinumtrustgroup.com\/?page_id=131"},"modified":"2023-09-05T02:05:45","modified_gmt":"2023-09-05T02:05:45","slug":"frequently-asked-questions","status":"publish","type":"page","link":"https:\/\/platinumtrustgroup.com\/webadmin\/frequently-asked-questions\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"
Has any Trust client been audited? <\/strong>Yes, and the results of the audit could not have been more positive. The IRS issued a “No change status”.<\/p>\n Are there special reporting requirements for the Trust? If I get the Trust can I get rid of my entities? What makes our Trusts unique? How much experience does Platinum Trust Group have in Trusts?<\/strong> How were Platinum\u2019s Trusts created?<\/strong> Why were Platinum\u2019s Trusts created?<\/strong> What does a highly qualified tax attorney have to say about Platinum\u2019s Trust?
\n<\/strong>It has no periodic reports or accounting to make to any state or government (other than an annual 1041 Trust Return at the federal level).<\/p>\n
\n<\/strong>Yes\u2026Reduce the need for LLC\u2019s, C\u2019s or S\u2019s, the state annual expenses associated with them along with the annual tax return expenses.<\/p>\n
\n<\/strong>Our unique Trust is proprietary. Our Trust is guaranteed by the U.S. Constitution. Not only is our Trust language unique, but also there are equally important implementation procedures that are adhered to.<\/p>\n
\nEvery aspect of our Trust has been fully vetted. 50+ Years Combined Experience in Estate Planning, Business Strategy, and Solving Client’s challenges!<\/p>\n
\nOur trusts were designed by a collaboration of tax attorneys, trust attorneys and CPA\u2019s. Countless hours of research, refinement and estate planning have gone into our trusts.\u00a0 The end product is the most comprehensive trusts available.<\/p>\n
\nTo provide the ultimate tax mitigation, asset protection, privacy and generational wealth transference available.<\/p>\n
\n<\/strong>“The complex Trust and accompanying documents work together as a system to accomplish the purpose for which the Trust was created. Assuming the Trust is implemented and maintained as instructed, I believe it will serve your estate and beneficiaries as intended” The tax attorney quoted above has the distinction of being a JD, LL.M (Master\u2019s Degree in Taxation) and an admitted member of the Tax Bar<\/p>\n<\/div><\/div><\/div><\/div><\/div>