Dec
18
Oshins and the Beneficiary Controlled Trust
Filed Under Asset Protection, Beneficiary Controlled Trusts, Corporations, IRS, Limited Liability Companies, Taxes, Trusts | Leave a Comment
Stephen J. Oshins:
CCH: Can you describe the beneficiary controlled trust concept for us?
Mr. Oshins: A beneficiary controlled trust is a trust in which the primary beneficiary is either the sole trustee or a co-trustee, and in either case has the ability to remove and replace the trustees. The trust agreement also includes provisions opting out of the prudent person or prudent man standard so that the primary beneficiary, as trustee, can invest in anything he or she desires just as such individual would be able to do with outright ownership. The primary beneficiary is also given a broad non-general power of appointment that can eliminate any potential interference by remote beneficiaries since a complaining remote beneficiary can be cut out by the primary beneficiary entirely.
from: ASSET PROTECTION AND THE SPENDTHRIFT TRUST
Richard Oshins could be called the father of the Beneficiary Controlled Trust. I believe Stephen is his son, but I’m not positive.
Anyone interested in asset protection should read what they have to say. If you would like to learn the basics first, check out my articles:
Beneficiary Controlled Trust Fact Sheet
and
Asset Protection From the Beneficiary Controlled Trust Up
===
Charles Lamm is a retired attorney and owner of Trustee and RA Services, Inc., in Coral Springs, Florida. He is now a legal/technology consultant for Accessible Communication for the Deaf.
Sphere: Related ContentDec
1
Schiff v. Trapper John
Filed Under Depression, Economists, Housing Bubble, Peter Schiff, Real Estate, Recession | Leave a Comment
Dec
1
8/28/2006-Peter Schiff vs Laffer
Filed Under Depression, Recession | Leave a Comment
Nov
30
Tainted Money
Filed Under Quotes, money | Leave a Comment
A lot of money is tainted. ‘Taint yours and ‘taint mine.
Sphere: Related ContentJul
24
The and IRS
Filed Under Asset Protection, Assets, IRS, Income Taxes, Liens, Seizure, Taxes | 1 Comment
Did you ever notice: When you put the 2 words “The” and “IRS”
together it spells “Theirs.”
































