{"id":93,"date":"2022-03-31T22:50:00","date_gmt":"2022-03-31T22:50:00","guid":{"rendered":"https:\/\/platinumtrustgroup.com\/?page_id=93"},"modified":"2023-09-05T02:30:06","modified_gmt":"2023-09-05T02:30:06","slug":"asset-protection","status":"publish","type":"page","link":"https:\/\/platinumtrustgroup.com\/webadmin\/asset-protection\/","title":{"rendered":"ASSET PROTECTION"},"content":{"rendered":"

Asset Protection<\/span><\/strong><\/h2>\n<\/div><\/div><\/div><\/div><\/div>

When Platinum\u2019s Trusts are used in a legal manner and under the Spendthrift provision, they are impenetrable by creditors and are immune from transfer by operation of law.<\/strong><\/h4>\n<\/div>
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In all courts, lawsuits can be filed against people or the legal equivalent of a person. Our Trust is a contract and is not recognized as a person which means it cannot be sued therefore, property and assets held by our Trust cannot be seized. Further, the trustee and beneficiaries are not liable for the debts of the trust organization.<\/strong><\/p>\n<\/div>

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C-Corps, S-Corps, LLC\u2019s & Revocable Living Trusts
\nvs. Platinum Vault Trust<\/h3>\n<\/div>

It’s a fallacy that traditional entities protect you. \u00a0In fact it’s very easy to pierce the corporate veil. Wake Forest Law review states that over 40% of entity piercing attempts are successful. The most used legal argument is (insufficient corporate separateness) this fall under \u201calter ego\u201d and is easy to prove with tightly held entities. Many states also use reverse veil piercing in lawsuits allowing the plaintiff to recover damages from other entities you control if the claim is more than the original entity has in assets. This can ultimately financially ruin anyone who isn\u2019t prepared.<\/p>\n

Another problem with entities is the ongoing annual statutory reporting and renewal fees.<\/p>\n

In order to insure maximum asset protection, the Trust must be Irrevocable and non-grantor. Our Trust separates the Settlor or Creator from the corpus of the Trust. Under these terms and conditions, upon creation, legal separation has occurred and the corpus may not be breached by claimants.
\nAs a Trustee you will personally own no assets. Rather, you will retain total control over those assets. You, as the Trustee, have the ability to make purchases in the name of the Trust, and therefore be able to enjoy the benefit of using those purchases liability free such as cars, RV\u2019s, boats, stocks, crypto, real estate and much more! This prevents creditors from seeing you as the owner of any assets.<\/p>\n

Nelson Rockefeller said it best \u201cThe secret to success is to own nothing but control everything\u201d<\/strong><\/p>\n

An asset protection trust is irrevocable, meaning, the trust owns the assets in question and they would be managed by the trustee. By removing those assets from your ownership, you can protect them against creditor lawsuits, liens, levies and judgements.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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join our<\/strong><\/span><\/h4>\n<\/div>

ON-DEMAND
\nMASTERCLASS<\/strong><\/span><\/h2>\n<\/div>
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In this Must-See Masterclass you will learn the secrets of tax mitigation, asset protection, absolute privacy, and wealth trasnference <\/span>the elite like the Rockefellers, Carnegies, & Kennedy Families have used for 100+ years that are now available for you.<\/span><\/p>\n<\/div>

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JOIN MASTERCLASS<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div>
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contact us<\/strong><\/span><\/h4>\n<\/div>

SCHEDULE A COMPLIMENTARY CONSULTATION<\/strong><\/span><\/h2>\n<\/div>
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Due to the complex benefits of Platinum\u2019s Trust, we recommend a phone call to start the conversation. Please fill out a quick form and then schedule your complimentary one-on-one call.<\/span><\/p>\n<\/div>

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CONTACT US NOW<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\n
5 STAR REVIEWS<\/h5>\n<\/div>

Platinum Trust Success Stories<\/h2>\n<\/div>
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READ ALL SUCCESS STORIES<\/span><\/a><\/div><\/div><\/div>
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