BIC videos and documents reference Blind Trusts as trusts successfully employed by wealthy politicians to keep their wealth details private. Could you compare and contrast the Blind Trust and the NLT please?

According to Investopedia, “A blind trust is a trust established by the owner (or trustor) giving another party (the trustee) full control of the trust. The trustee has full discretion over the assets and investments while being charged with managing the assets...

If I start a business with partners, is it advisable to put that stake in an NLT since it will involve LLC, C corp or some other statutory law structure which might have some IRS reporting requirements even if I complete my revocation of election and might therefore raise IRS scrutiny? Should such business stakes involving statutory corporate entities be mixed with assets/accounts (e.g., brokerage accounts) owned by the NLT trust or should there be a separate NLT for them?

You’re making some incorrect assumptions. Doing the ROE does NOT “raise IRS scrutiny”. (See: https://brillianceincommerce.com/freedomfromtax, #4, Revocation of Election). On the contrary, it forecloses any opportunity the IRS might ever have to go...

One of my key interests and priorities are charitable activities. In light of keeping a prudent low profile, how can I conduct charitable activities? For example, can I operate as a foundation would running its own school or similar which might require hiring employees or staff for the foundation activities itself)? If not, am I better off then just making grants to already existing organizations as I am not then showing up on the IRS radar or do I set up my own statutory, 501c3 organization?

Well, we are not licensed to give you legal or tax advice, but I can say what any of us who have had success with the NLTs would do. We just go on about our business the normal way – – very simple. There is really no big difference. The only difference is,...

You have recommended for us to keep our trust activities quiet. This seems to imply keeping a low profile and not operating businesses and activities outside the trust that might draw the scrutiny of the tax man. Is this correct and if so, do you have broad guidelines as to what might raise unnecessary tax scrutiny (waving a red flag in front of a bull)?

No, I didn’t say you need to “keep a low profile”. You could do so if you wish, but that’s not necessary to stay out of trouble. What I said was to simply avoid volunteering contact with the tax people. The top of their hierarchy has a...

The IRS seems to state here that the common law trust no longer exists since statutory law on trusts is now available in all states. What is the response to this argument? https://www.irs.gov/businesses/small-businesses-self-employed/abusive-trust-tax-evasion-schemes-special-types-of-trusts

Thank you for your responsible question, and the answer requires an understanding of the hierarchy of human society. As long as a century ago or more, the cartel of rich people bent on taking over the world wanted special standards for themselves that made the rules...