FAQs Archive - Page 3 of 48 - Brilliance In Commerce

Some countries, such as Mexico, Germany, France and others, don’t understand and welcome trusts in their banks as much as English-speaking countries. How can this be remedied?

by DDNW Service team | Oct 24, 2022

Tell the bankers in those countries that the trust’s existence, validity, and authority are recognized as a private irrevocable trust, under the Hague Convention of 1 July 1985 on the Law Applicable to Trusts and on their Recognition (“the Convention”) and needs no...

I listened to Sean Briscombe’s hour-and-a-half-long presentation on his 1041 system. It is an asset protection system involving a common law trust which files in a certain way form 1041 periodically with the IRS, along with statutory entities such as an LLC, a 501(3)(c) foundation, and so on. How does this compare to the asset protection advantages of the NLT?

by DDNW Service team | Oct 24, 2022

Why so much complexity? And why the 1041? Why the 501(3)(c)? Why all the statutory entanglement? What’s the point? What’s the benefit? Many of us have been operating just fine, thank you, since the early 90s, with none of that. And our trust writer and his...

Can you explain why the trust incurs no death taxes when a trustee or beneficiary dies?

by DDNW Service team | Oct 24, 2022

Natural Law Trusts are non-statutory. They have no owners; the NLT owns itself. Therefore when an NLT trustee or beneficiary dies, no asset transfer takes place; and no taxable event occurs. The asset simply stays in the same legal entity, the trust. If the...

Can the money in a NLT be traceable?

by DDNW Service team | Oct 24, 2022

Yes and no. Yes because for two or three decades, all money in electronic circulation, especially US dollars and EUR, have been traceable down to the penny in real time globally. That cannot be avoided, and at the same time, should not be worried about. The answer...

In your webinar, the lecturer stated that the grantor will always be taken care of, what does that mean? Successor Trust?

by DDNW Service team | Oct 24, 2022

It is the mission of any good trust to fulfill the wishes of the grantor. The duty of the trustees is to fulfill the wishes of the grantor. However, of course, the general principle in life also applies to trusts, which is “you can only get out of it what you put into...