Trusts Unlimited is proud of the products and services that we provide for our customers. We will continue to make any enhancements to those products and services that we feel will benefit our customers. Trusts Unlimited offers the best Trust Packages available today.
Along with our Offshore Partners, Trusts Unlimited LLC has experience with Global Currency Revaluations. We were involved with the exchange of Kuwaiti Dinar in the early 1990s. We have created an exclusive Currency Exchange Consortium to facilitate the exchange of your currencies. Any pre RV settlor of our Wyoming Trust Package will be eligible to participate in our consortium.
Trusts Unlimited LLC will continue to faithfully assist our customers accomplish their personal and financial objectives as we understand them.
Disclaimer
Trusts Unlimited does not sell dinars or any currency, nor does it partner with or be sponsored by any organization that does. Trusts Unlimited prepares documents to be used by those who already own dinars or other currency or are considering purchasing them and believe they will increase In value. Trusts Unlimited does not render income tax advice or recommend actions inconsistent with using their documents to achieve specific tax results that are incompatible with the intended purpose of the documents it sells.
Recently we have been questioned about the procedure for the exchange of currencies post RV. Download our walkthrough here.
If you are ready to get started, download your Trusts Unlimited order form here to initiate your trust request.
An Affidavit of Settlor is a legal document in which the settlor (also known as the trustor or grantor) of a trust declares or confirms certain facts about the trust they have established.
This is the application for your Wyoming Package of Irrevocable Trusts. These trusts have been designed to hold, manage, and protect your assets.
By establishing your Trust pre-RV, in addition to protecting your privacy and anonymity, you will make it extremely difficult, if not impossible, for anyone to sue you successfully, and frivolous lawsuits cannot succeed.
By establishing your Trust pre-RV, you will significantly avoid the possibility of an IRS Audit. Any such Trust Audit would necessarily be confined to the year in which the RV occurs, as there is no taxable event prior to the RV.
By gifting pre-RV currencies to friends and family through your Trust, you will avoid any Federal Gift Tax and retain control of the funds post-RV. This may be important if your beneficiaries are children or invalids.
Your Trust will allow your estate to bypass the cost and delay of Probate, making any inheritance immediately available to your heirs. It will also allow you to avoid the Federal Estate Tax, which can be as high as 55% of your estate, in excess of 5 million dollars.
By placing your pre-RV currencies in Trust, only the 'value' of those currencies at the time of the transfer would ever be subject to any Civil Suit. By placing each individual asset you control in its own separate Sub-Trust, you will be able to limit any potential loss from any Civil Suit ever brought against you.
Many websites will tell you this is the smart thing to do, and from a strictly money savings standpoint, this does probably make sense, but what about the long run? Many dinarians and holders of undervalued currencies are not very sophisticated when it comes to financial matters, many are. This is directed at those who may not be as well-versed, financially, as people who customarily trade in foreign currency.
Submit your information below & we will contact you as soon as we can.
Asset Management & Protection
trustsunlimitedllc@gmail.com
Non Attorney Spokesman
307-274-4122
Advisory Counsel
Contrary to what you may have heard from others, Trusts Unlimited's Trusts access the Wyoming spendthrift trust law by incorporating in our Trust Package as the preferred choice of law of the trust together with a duress clause and flight provisions; which were borrowed from our offshore trusts and used for years there. While your initial trustee is not a Wyoming resident or trust company the asset protection features of your is not affected. The duress clause and flight provisions incorporated into our trust instrument agreement give you the protection when you need it. In fact, Wyoming law recognizes the change of trustee and provides that the change relates back to the establishmnent of the trust. Space prohibits a thorough explanation here, however, if you would like a more detailed explanation, please call or email us and someone will be happy to review the mechanics with you. We also intend to discuss this on one of our upcoming telephone conferences, so be on the lookout for that announcement. Our attorney developed the Wyoming Trust Package, specifically with Dinarians in mind; however, be advised that these trusts were designed for asset protection, not tax avoidance. Selecting a trustee in a non-tax state does not guarantee state income tax avoidance in the Settlor/Beneficiary's state of residence. In many states the determination of state taxes, absent structures described in the next paragraph is based upon the residence of the Settlor/Beneficiary, and not the domicile of the trustee.
There has been quite a bit of discussion of late that establishing an irrevocable trust and having the trustee be a resident of a state or jurisdiction that has' no state income tax such as Mlyoming could relieve people living in states that do have a state income tax from capital gains tax on revaluation as well as tax on income generated from investments thereafter. That is correct, however, care should be taken as this is not the purpose of the trust package that Trusts Unlimited markets. Trusts Unlimited's trusts are what are known as a "complete grantor trust."' In order to achieve optimum asset protection in any jurisdiction having spendthrift trust provisions such as Wyoming, it is necessary that the transfer to the trust be:
The kind of trusts that offer state income tax avoidance are known as Delaware Incomplete Non-grantor Trusts or "DINGs". In order to achieve the state income tax avoidance, the trust must be irrevocable, but there must be:
This is the very antithesis of an asset protection trust, since control over the distribution of principal or income from the trust would give the grantor too much control over the trust and thus compromise and nullify the asset protection features. The bottom line is that you must decide what you want to accomplish, You cannot have a DING and also asset protection in the same instrument, Further, there are some "trade-offs" that merit strong consideration. In exchange for avoldance of state income taxes, will result in higher federal taxes due to the elimination of the state tax deduction on the federal return and the 3.8% Medicare tax that will apply to undistributed trust income over $11,950. Further, if you live in a state which does not have a state income tax, you probably wouldn't need to consider a DING. Currently, Trusts Unlimited does not offer DINGs.
Trusts Unlimited is proud of its products and we will continue to be responsive to the needs and desires of our customers to make their revaluation experience as positive and fulfilling as possible. Trusts Unlimited will continue to make enhancements that we feel will benefit our customers. Trusts Unlimited offers the best Trust Package available today.
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