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Old 09-04-2004, 10:27 AM
nent nent is offline
Waking Up
 
Join Date: Oct 2004
Posts: 1
Pure / Common Law Trusts - I have used them for years

I became ill in 1993 and was initially diagnosed with lymphoma. I did not wish my family to lose all we had, due to the medical bills. So, I setup a couple of Pure Trusts to protect my assets. As things turned out I did not have cancer and I continued to operate the Pure Trusts. A couple of years later my wife came down with colon cancer. Her treatments were extremely expensive yet, she passed away regardless.



The Pure Trusts did indeed save our possessions. On other issues I have stood before the State Attorney General in court and successfully stopped the government from gaining ANY access or knowledge of the assets of the Trusts. They have now existed for over 10 years and I have advised many of my friends and colleagues to setup their own.



I would be cautious of the LLC, as they are a Creation of Legislature and can be legislated against at any time.
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