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Old 02-20-2005, 02:01 AM
kmvh kmvh is offline
Waking Up
 
Join Date: Oct 2004
Location: Colorado State
Posts: 3
Exclamation Trusts are an open window to all your possessions

I know this is an older thread, but I would suggest anyone looking into asset protection to avoid trusts. To create them, they must, by definition, open the door to legal scrutiny, and if a judge can see it, he can seize it for any reason or for no reason.

I am currently looking into a Nevada Corporation. The book, "Bulletproof Asset Protection" by William S. Reed, J. D., is written by a former collection attorney who turned to the light side. Such a corp. costs about $2500 to set up with the company referenced below, and about $900 per year, which ain't cheap, but Nevada Corps were historically set up by/for the mafia, and are attached to Nevada's school funding (so it won't be going away anytime soon , and do not need to show the corporate details (stockholder lists, names on stock certificates, and bearer shares) in the record filed with the state. Anonymity is guaranteed.

You can use such corps for putting "friendly liens" on property you own to complicate any collection attempts. If you own a business, there are numerous tax benefits, as well. There are several other details about it that I would be glad to discuss, but since I don't sell them, I don't feel quite right repeating them here. Besides, it's been a couple weeks since I met with the representative from the company set up by Bill Reed, Asset Protection Group, Inc.

It's all completely legal and above-board, with all the legalities taken care of and certified by APG. They provide consulting service for each year you sign up, a set of paperwork, including the original certified articles of incorporation, minutes of your first board of directors meeting, and general instructions for each article you receive, as a few examples. They do not have a web site because they work through consultants. I heard about them on my local patriot radio station, KHNC, in an interview given by one of the agents. It all sounds like it's on the up-and-up, but I will investigate further.

Best,
Kara
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