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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.”
Mar
25
Unintended Consequences - Structuring
Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, IRS, Liens, Seizure, Trusts | Leave a Comment
All laws have unintended consequences - results not foreseen when the legislature passed a bill and the executive signed it.
Think Governor Spitzer and structuring and money laundering.
Here is a good article on how the government can turn on you for your money even when they know the source was not from an illegal enterprise:
Money laundering is even sillier. Spitzer may be accused of money laundering for spending his own money on an illegal service. He wanted sex, not to help a criminal organization make money.
When the government wants your stuff, any excuse will do. One way to make sure no one comes after your money is not to expose it in your own name in your own bank accounts.
Charles Lamm
Asset Protection Iron Triangle
Mar
14
Asset Protection Iron Triangle - One Minute Seminar
Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, Corporations, IRS, Liens, Limited Liability Companies, Prenuptial Agreement, Seizure, Trusts | Leave a Comment
View the video by clicking here.
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If I am a creditor, judgment lien holder, ex-spouse, or an IRS agent coming to take your stuff, and you own it outright in your own name, you really don’t own it anymore.
I do. You just don’t know it yet.
How do you protect your house, property, cars, boats, vacation homes, stocks, bonds, and cash from all of the predators out there? How do you protect yourself from me?
The key is control, not ownership.
You don’t have to go offshore. You don’t need a prenup. And you certainly don’t need some untested, unproven tax dodge that sets off IRS red flags.
All you need is a no-asset C corporation, a manager-managed limited liability company, and a beneficiary controlled trust – all specially designed to work together for maximum asset protection.
Find out more at:
Before the predators come stalking.
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Charles Lamm is the distribution trustee for Beneficiary Controlled Trusts. Discover the Asset Protection Iron Triangle on his site at http://www.corp-llc-bct.com and how to protect your valuables from creditors, judgments, lawsuits, ex-spouses, the IRS, and the coming economic meltdown.
Mar
8
What Do You Do For a Living?
Filed Under Asset Protection, Assets, Beneficiary Controlled Trusts, Divorce, IRS, Liens, Seizure, Taxes, Trusts | Leave a Comment
Explaining being the distribution trustee for the beneficiary controlled trust portion of the Asset Protection Iron Triangle - when someone asks what you do for a living - is a sure fire way to make people’s eyes glaze over or drive them to the bar for another drink.
Most people don’t even know what a trust is, much less what the trustee does to earn his keep.
Like lawyers, doctors, and plumbers, trustees are pretty useless - unless you’ve been sued, get sick, or the toilet backs up. Then, there are the most important people in the whole world, especially the plumber.
I won’t go into a legal description of trustee duties. You eyes might be glazing over already. But here goes . . .
“I’m the Distribution Trustee for a special kind of trust. I help people protect their stuff from lawsuits, creditors, judgments, ex-spouses, future ex-spouses, a failing economy, and even the IRS, but only if they come to me before those other predators come calling.”
I think that sums it up without getting into the technical details.
And what do you own that someone might like to take away from you? Oh, and what do you do for a living?
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Charles Lamm is the Distribution Trustee for a number of Beneficiary Controlled Trusts. His blogs include the Asset Protection Iron Triangle found at http://www.corp-llc-bct.com.
SubBlogs:
Identity TheftCorp/LLC/BCT Videos:
Asset Protection Iron Triangle - One Minute SeminarNo Asset C Corporation
Useful Links:
Internal Revenue CodeThe Truth About Frivolous Tax Arguments
