Lesson 5- What Is A Trust?
A living trust is classified as an (Unincorporated Entity) that is not directly registered by the State. A state government agency does not issue the (Declaration of Trust) as the (Articles of Incorporation of the Organization). It is defined as a private entity for a natural person via the common law, which is then tax for the purpose of acquiring income. There are other types of trust that are governed under the status, which is basically subject to tax regulation. When it comes to establishing a trusted body, you have the option to add all your property into it via
personal bank accounts, LLC’s, business accounts, homes, investment properties, other investments, insurance policies etc. making you avoid court validation from your inheritance, resulting in infinite generational wealth income.