Escape from the Matrix

In our quest for freedom, it’s important to understand that we are not the true owners of our possessions as anything that is registered or licensed with the authorities ultimately isn’t ours.

In this article, I’ll share with you how we can become the true owners of our assets by placing them in a Non-Statutory Trust.

Trusts are legal arrangements that can help protect your assets and ensure they are managed and distributed according to your wishes. There are various types of trusts, and one of them is the non-statutory trust (NST).?

What is a Non-Statutory Trust?

A NST is a type of trust that is not created under a specific statute or law. Instead, it is created through a written agreement between the grantor (the person creating the trust) and the trustee (the person or institution managing the trust assets). This written agreement is also called the trust instrument.

NSTs are also known as common law trusts, as they are created based on common law principles rather than specific statutory requirements. This means that they have greater flexibility in terms of their structure and the terms of their creation and operation.

How is a Non-Statutory Trust Different from Other Types of Trusts?

One of the main differences between an NST and other types of trusts is that it is not subject to specific statutory requirements. This means that the trustee has more flexibility in managing the trust assets and fulfilling the grantor's wishes.

Another difference is that an NST can be created for a wider range of purposes. For example, it can be used to hold property for the benefit of a specific person, a group of people, or even a charity. It can also be used to hold assets for a specific period of time, or until a certain event occurs.

What are the Benefits of Creating a Non-Statutory Trust?

There are several benefits including:

1. Greater Flexibility: As mentioned earlier, NSTs offer greater flexibility in terms of their structure and operation. This means that the grantor can tailor the trust to meet their specific needs and objectives.
2. Privacy: NSTs offer greater privacy compared to other types of trusts. This is because they are not subject to specific statutory requirements, which means that they do not need to be registered with any government agency or made public.
3. Asset Protection: NSTs can help protect the trust assets from creditors and legal claims. This is because the assets are owned by the trust and not the grantor, which means that they are not subject to the grantor's debts or liabilities.
4. Tax Benefits: NSTs can also offer tax benefits, depending on how they are structured and operated. For example, if the trust is set up to distribute income to beneficiaries, that income may be subject to lower tax rates than if it were distributed directly to the beneficiaries.

Creating a Non-Statutory Trust: What You Need to Know

If you are considering creating a NST, there are several things you need to keep in mind. First, you will need to work with a qualified lawyer or other professional who is familiar with trust law and can help you draft the trust instrument.

Second, you will need to choose a trustee who is trustworthy and capable of managing the trust assets according to your wishes. This can be an individual or an institution, such as a bank or trust company.

Finally, you will need to fund the trust by transferring assets into it. This can include cash, securities, real estate, or any other assets that you want to be held by the trust.

In conclusion, a non-statutory trust is a powerful tool that can help protect your assets, provide greater flexibility, and offer tax benefits. If you are considering creating a trust, it is important to consult with a qualified professional who can help you determine if an NST is the right choice for your needs and goals.

If you would like learn more about NSTs and related subjects, you can find a lot of information on the free education platform here: I want to learn more

You can also watch my most recent webinar here: Watch now