Date: Tue, 14 Aug 2001 12:15:58 -0700 (PDT) From: samadams1776@yahoo.com (Sam Adams) Subject: [protectyourstuff] Protectyourstuff.com Weekly Newsletter; August 17, 2001 To: protectyourstuff@yahoogroups.com, AmericanConstitution@onelist.com Reply-To: protectyourstuff@yahoogroups.com
*** Protectyourstuff.com Weekly Newsletter ***
Hello All,
Due to travel committments, this week's newsletter is being sent out a few days in advance of it's usual weekend delivery.
Enjoy!
I. WEEKLY PURE TRUST Q&A CONFERENCE CALL REMINDER II. PURE TRUST MANAGING DIRECTORS TRAINING WORKSHOP; SEPTEMBER IN CHICAGO, ILLINOIS III. ATTORNEY GENERAL ASHCROFT PUSHING NEW MONEY LAUNDERING LEGISLATION ON CONGRESS IV. WHY CAN'T I BE THE TRUSTEE??? V. PROTECTYOURSTUFF.COM MEMBERSHIP SPECIAL!!! VI. EXCERPT FROM "THE INVISIBLE INVESTOR"
I. WEEKLY PURE TRUST Q&A CONFERENCE CALL REMINDER
If you're new to this newsletter, you have probably received an invitation to participate in our Monday evening Q&A Conference Calls.
We offer these calls to our clients, as well as non-clients as an educational and support tool, so you can learn what a Pure Trust IS and what it DOES, and what a Pure Trust IS NOT and what it DOES NOT DO.
Even if you're too shy to ask a question in a public forum, make plans to liste in on the next call. You're bound to learn something that you did not know about asset protection planning and estate planning!
Monday August 20th 8:30 PM Eastern Time Zone (918)222-7032 Passcode: 5847#
Bes sure to let the call Moderators know that you were invited to participate by Protectyourstuff.com!!!
II. PURE TRUST MANAGING DIRECTORS TRAINING WORKSHOP; SEPTEMBER 15th & 16th; CHICAGO, ILLINOIS
MANAGING DIRECTORS WORKSHOP
CHICAGO September 15-16
Saturday 8:30 am to 5:00 pm Sunday 8:30 am to 4:00 pm
Best Western, Midway Hotel
1600 Oakton Street, Elk Grove Village, Illinois
847-981-0010 FOR RESERVATIONS
Fax: 847-364-7365
YOU MUST REGISTER YOUR ROOM BY SEPTEMBER 3RD ABSOLUTE LATEST!!!
We will cut this one off at 50 people, so first come first serve. Be sure to register ASAP to secure a spot.
Tell the hotel you are with "Financial Fortress Associates" in order to get the group rate
Free shuttle service is available to and from Chicago O'Hare airport.
For more hotel information click here.
Registration with FFA does NOT reserve your hotel room but reserves a seat for the workshop ONLY. Be sure to register for BOTH as these are separate registrations.
TOPICS
It is time again to sharpen those pencils to make copious notes regarding the day to day operation of a Pure Trust Organization. We will be discussing the operation of the trusts as they apply to those . in the system. and those . out of the system. .
We will tackle:
Privacy issues Providers for privacy services Titling of real property Titling of personal property Interfacing with LLCs and LLPs Accounting assistance Proper structuring for maximum tax relief Proper structuring for maximum asset protection What the IRS really has to say about PTOs How to leave assets to selected beneficiaries How to avoid probate How to avoid long term capital gains Ho to avoid transfer taxes How to sell real estate without activating a . due on sale. clause How to use a PTO to make investments in the stock market How I can get my lawyer, accountant to understand a PTO How to get cars insured every time using a PTO How to insure the home using a PTO How to insure commercial property using a PTO How to tell your friends about the advantages of a PTO
How to send your kids to college with tax free funds How to build a retirement program that has no restrictions on distributions, loans, or when the income may be activated AND MUCH, MUCH MORE...!!!
For discount rates on airline tickets we have found the following very reasonable
Air 4 Less - (818)553-3297
Amazing Low Fares - (888)478-0808
http://www.Priceline.com (You can only pick flight DAYS, but not TIMES)
http://www.bestfares.com (some prices require membership)
http://www.aol.com (click on the "travel" link to use Travelocity)
Workshop fees
**Costs for NON Managers/NON Customers.
*$425 per Single $475 per Couples (Significant Others ONLY)
**Cost for Managing Directors ONLY ( i.e. customers of FFA. Members are NOT customers )
$225 per Single $275 per Couples ( spouses/significant others, not business associates/partners)
** above prices reduced by $25 if registered by Sept. 3rd
*Non-managers/non-customers will receive a 200 credit towards Pure Trust products with FFA if and when they become a manager/customer
Please send Payment (Blank Both Sides) Postal Money Orders to:
Intellectual Properties c/o 3389 Sheridan Street; #446 Hollywood, Florida 33021
If you have questions, you can reach us at (954)963-7182.
Registration with FFA does NOT reserve your hotel room but reserves a seat for the workshop ONLY. Be sure to register for BOTH as these are separate registrations.
Please respond promptly so we can make arrangements for comfortable seating.
III. ATTORNEY GENERAL ASHCROFT PUSHING NEW MONEY LAUNDERING LEGISLATION ON CONGRESS
US Attorney General Calls For Money Laundering Crackdown, by Mike Godfrey, Tax-News.com, Washington 10 August 2000.
US Attorney General, John Ashcroft, announced Tuesday that he would be calling on Congress to strengthen money laundering laws, saying that the current legislation which was introduced in the 1970s is full of loopholes, and needs strengthening.
'Our money laundering laws have not changed significantly since they were enacted,' he told a conference on organized crime in Chicago. 'The time has come for Congress to lead once again.' Mr Ashcroft said that money laundering was often regarded as a harmless game, and was not taken seriously by the financial and legal sectors in the US, but warned that the time had come to change this attitude, as 'behind every dollar of dirty money in need of laundering is a trail of victims.'
The tougher proposals which the Justice Department plans to put to Congress over the coming months include the criminalisation of bulk cash smuggling (at present the only requirement is that shipments of over $10,000 are reported to the US Customs Service), making it a federal offense for criminals to transport over highways or on airplanes more than $10,000 in cash proceeds, and the expansion of money laundering laws to include crimes other than drugs, terrorism, and bank fraud. Mr Ascroft said that the latter proposal would repair a 'gaping hole in US law', as presently it is difficult for federal law enforcement officials to keep the proceeds of foreign crimes out of US financial institutions.
Mr Ashcroft estimated that on a worldwide level, money laundering activity accounted for about $1 trillion a year.
IV. WHY CAN'T I BE THE TRUSTEE???
Many estate planners and asset protection consultants take the "easy" route to making the sale, rather than following correct principles in structuring Trust entities for clients. All too often, they appease an unknowing prospect's fear of loosing control over assets by allowing the prospect to be the Trustee or to name a friend, family member, or trusted employee as Trustee, rather than take the time to educate the prospect about the correct asset protection principles.
Unfortunately, it is this type of "shoddy" arrangement which ends up as another court decision to be thrown in the same heap as all the other "sham" and "scam" Pure Trust cases.
Just this past week, I received the following message from someone who is conducting his due diligence in selecting a Pure Trust provider:
"I get the impression that you and your organization provide good on going information and assistance. That has a value... I do question the idea of non associated trustees....at least 80% of the Trust programs do not require this..."
There are TWO REASONS WHY YOU NEED NON ASSOCIATED TRUSTEES:
FIRST: The courts are very consistent in their rulings that arrangements which provide a reversionary interest or control to the person who places the assets into Trust, or arrangements in which this person has control over the appointed Trustee, are merely the alter-ego of that person.
This type of arrangement provides ZERO asset protection benefit because it lacks economic substance or reality, and the court will order YOU to remove YOUR assets to satisfy a judgement creditor's claim against YOU.
In a properly established PTO (Pure Trust Organization) arrangement, you cannot retain any reversionary interest in the assets, nor can you control the assets as Trustee, nor can you retain control over the Trustee.
In a properly established PTO structure, you do not own/contol the assets, you do not own the Trust, you do not control the Trustee and the court cannot order you to remove the assets to satisfy your debt.
The courts have been very consistant in declaring friends, relatives and employees as being "under the control of" persons who have appointed them Trusteeship over their assets.
If you utilize an arrangement like this (no economic substance), and you are attacked by the "bad guys", you can kiss the assets "bye-bye". You might as well go to the back-to-school section of Office Depot and buy yourself a nice big box of crayons and "color the assets GONE"!!! AND you get to see your case posted on the internet as another "sham" Trust case...!!!
Black's Law Dictionary defines "sham" as "Something that is not what it seems; a counterfeit."
An arrangement which calls itself a Pure Trust, but provides reversionary power over assets, appoints the previous asset owner as Trustee, or allows that person to name someone he/she has power to control is NOT a Pure Trust; it is a SHAM!
SECOND: Most people are ignorant (unknowing) of their own Rights and the Rights of the parties to the Trust contract. Additionally, most people get weak in the knees, dizzy, short of breath, turn pale and perspire profusely (that is if they don't just puke and faint) when the "bad guys" come knocking on their door to ask questions about the business of the Trust which they are named as Trustee.
As such, most people make poor fiduciary guardians of Trust assets.
I've seen the results of IRS inquiries to ignorant Trustees.
One person came to me because he had established a statutory Charitable Remainder Trust (through a very "knowledgeable" attorney) in hopes of avoiding some impending IRS problems. He had named his next door neighbor (a very long-time friend) as the Trustee.
When the IRS showed up at the Trustee's door, threatening to arrest the Trustee over the other man's liabilities, the Trustee buckled and gave up $59,000 which was held in the Trust's bank account AND allowed the IRS to place a $330,000 lien against the Trust's real estate holdings.
The IRS had no authority to arrest the Trustee, let alone threaten the Trustee, and the Trustee had no authority to sign over Trust assets to the IRS for the other person's liabilities... yet, this happens all too often when the IRS flexes its biceps.
Needless to say that a small fortune was needlessly lost, and a long-time friendship was ended over the Trustee's fear, ignorance and violation of his fiduciary duty to protect the Trust assets. The sad thing is that this was mostly the fault of the person who named the Trustee, because the Trustee was not selected properly.
Unfortunately, this man could not cope with giving up cotrol of assets to a professional contracted third-party Trustee, and he learned the lesson of "economic substance" the hard way.
The question is:
Will you learn from this man's mistake and from the countless court rulings over the "economic reality" of a Trust arrangement?
...Or will you end up a victim of your need to control YOUR assets???
V. PROTECTYOURSTUFF.COM MEMBERSHIP SPECIAL!!!
ProtectYourStuff.com now offers a new private section to "members only"!!!
We do so in order to discuss matters that we can not offer to the general public. This could be considered as advice by some.
In our members section you will find:
The Pure Trust book, "The Uses and Advantages of Pure Trust Systems" written by the director of Financial Fortress Associates. This book discusses an actual court case of someone who used a Pure Trust the wrong way and how to avoid the same mistakes. It also discusses the infamous Internal Revenue Notice 97-24 on "busting trusts" and where it doesn't apply to Constitutional Pure Trusts.
An electronic download of this 70+ page "book" can be purchased and e-mailed to you for $65. However for an additional $35 you can become a member of protectyourstuff.com and download a copy of the book for printing or print it right from your browser.
In addition to the book the membership section offers other specific and valuable information on the fundamentals of asset protection.
We also have tutorials that are in an easy walk-trough multiple choice format that:
* define important terms * test your current knowledge while you learn about Constitutional Pure Trusts * discuss some of the "does and don'ts" of using Constitutional Pure Trusts. * give some examples of structures using Constitutional Pure Trusts * discuss how to make private unnumbered Constitutional Pure Trusts work in "the system" that asks for or requires "numbers." * discuss how to "do business" with the public, and still keep assets out of sight and out of harms way. * discuss what to ask your financial advisor regarding Constitutional Pure Trusts. * compare and contrast the differences and advantages of Constitutional Pure Trusts over living trusts * compare and contrast the differences and advantages of Constitutional Pure Trusts over corporations * plus more to come.
The cost of the Lifetime Membership with unlimited access is just $100.00!!!
If you ORDER NOW, you will receive an Anonymous ATM Card at NO CHARGE to you!!!
To order online via secure credit card transaction, you may use PayPal.com
Simply follow this link and submit your payment. Whether you order the Pure Trust book or the Lifetime Membership, it will be sent to you via e-mail within 24 hours.
https://secure.paypal.x.com/refer/pal=samadams1776%40yahoo.com
If you are a first time PayPal.com user, you will receive $5 from PayPal.com just for signing up to use their services!
Order either the Pure Trust Book for $65, or the Lifetime Membership for only $100 and receive an Anonymous ATM Card at NO CHARGE as our gift to you!!!
If you need to order via snail mail, let us know and we will send you ordering instructions.
David Dietz (954)963-7182
VI. EXCERPT FROM "THE INVISIBLE INVESTOR"
Chapter 1 "Get your money out of the country before your country gets the money out of you."
It's legal. It's easy. It's Invisible. It's Offshore.
Many years ago I was in a minor dispute with a government agency. They were wrong. I was right. No question about it. They thought I owed them a few thousand dollars in taxes. I knew they owed me considerably more in rebates and refunds. We figured the case might be heard some years down the line. Maybe in some administrative supervisor's office; maybe in court. But more likely, the odds were, that my high priced Certified Public Accountants would settle the claim. Probably in my favor. That's what I paid them for.
It was no worry for me at the start. If the accountants couldn't work out something, it would go to the lawyers. "My team" would insulate me. I was well insured, and well protected against every contingency. So I thought!
Similar differences of opinion had been resolved by negotiation and compromise a hundred times before. In those days, I had a sizable business to run: hoards of employees, rents to pay and a big payroll to meet. There were projects to complete. I was busy! Couldn't be bothered with giving a lot of personal attention to a piddling small tax claim amounting to less than a day's rent for my firm. So maybe I refused to take a call and had staff refer some squeaky voiced government guy to my accountants. I didn't even remember the incident. The disputed matter seemed a very little thing, like a baby leech on your butt when you're up to your eyeballs in alligators.
DOODOO HITS THE FAN- While at my desk, 9AM one foggy Monday morning, a good, reliable supplier, "Mrs. Zanadu," burst into my inner office unexpectedly: "How could you do this to me?" She was waiving my bounced check for $75,000. Her people had done a good job and I'd authorized full payment for her on the prior Friday. I told her, "Calm down - lets have a look?"
I knew our check was written against a good account. We had more than enough on deposit to cover this check several times over. There was a credit line too. "There's been a mistake," I exclaimed. "You take this downstairs to our good friend, the Bank Manager, Mr. Moneypenny,. He'll set things right!"
I was writing a humorous memo to Moneypenny, my bank manager about not smoking any more grass. Told him to cash this attached $75,000 check immediately for Mrs. Zanadu, and to kiss her fine fanny seven times. That was when my ex-wife Lady Morgana De La Fey Trevellian burst in screaming:
Morgana [Fire Breathing LADY Dragon] ENTERS HISSING- "You dirty, low down %$#@#$*. It's enough that you $#@$ me in our divorce, but how could you do this to your own kid?" Her scenes were nothing new. "My dear, sweet lady love of my life, what wasthis itsy bitsy anger all about?" I asked.
Sent Mrs. Zanadu on her way, and gently but firmly told Morgana the Terrible, "Calm down darling sweetness, have a seat. Have this cuppa soothing Tizana Tea I made for myself. Tell me what's on your mind. Please dear. Don't be upset." "$$#@# you + your ^#@$#@!!% your tea" she blurted, angrily, as my peace offering hit the wall breaking the cup into an irretrievable archeological artifact.
"The G-Men just seized your daughter's Christmas and birthday money: Two Thousand six hundred thirty six dollars. And if you, you %$$$#@#$, don't hand it over in cash in the next thirty seconds, my lawyers, Stabbim Grabit & Ballsqueezer, will make you wish you were never born."
I knew better than to argue with Morgana, so I went into my petty cash drawer and pulled out $3,000 cash. "No need to threaten me. You know I love you still, and I love our wee baby. I don't know how this happened. But I will take your word for it. Here, this three grand is for our little Snokums. You keep the change and get your pretty hair done up in a Beehive or whatever you like. You always look so beautiful when you're mad." I said it (about her looking beautiful when she was mad) even though it wasn't true. It was a good line from an old Clark Gable movie. It usually worked to keep the ladies in my life from sinking into a self-induced hysteria or throwing things.
"You're so cute when you're angry." One of my favorite lines. It often brought a smile to their face, tears to their eyes, ad after a few minutes of tender embracing, they were firmly in my control --where all beautiful women belong. But Morgana (still with a magnificent figure) would have none of it. That was how my day started on disaster Monday.
Morgana growled and snarled: "I'm in no mood for another reconciliation on your office couch." She grabbed the money, pushed me away and said rather calmly, "So long dick-head. The smartest thing I ever did was to get a quick divorce from you." She moved towards the door like an angry tornado. Then, she paused. What next? Would she stride back to me, strip me naked and force me down to yield once again beneath her powerful loins? No such luck. She pouted with those big pleasure giving quivering lips, angled her legs in the sexy stance of the model she once was, and cooed: "You'll get your comeuppance some day!"
She turned her back to me again and headed slowly towards the door, knowing how much I enjoyed the view. I watched her gorgeous little bottom float away from me, swishing the folds of her dress in a most delightful way. Morgana, two marriages after me, was still nicely rounded -a posterior like two well inflated balloons.
At the door she paused again. Aha, she is coming 'round, I hoped. She turned, just her head this time, and gave me the same fleeting smile that once warmed my heart. Then she blew me a kiss. "Bye," she murmured sweetly.
"We sure had some good loving together" I mused. She was wife number three for me (and almost the most expensive of the lot) but still loved her. Sort of.
The next time I saw her it was in court -- again. Ahh, well, I digress. Back to the main tale....
For those subscribers who have asked for more information on the 5 Offshore Books CD, we posted the previous exerpt from the book so you will be able to appreciate the writing style of the author.
The rest of this chapter goes on to explain how the IRS seized accounts and caused this man's business and life to collapse before his very eyes...
The price of this CD is $100, but if you order this week, you will receive a $25 discount.
That's right! ORDER NOW and get this CD for only $75!!!
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The ATM Card is a $150 value!!!
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