Onetrust legacy

Main Advantages

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MAIN ADVANTAGES OF THE SPENDTHRIFT TRUST

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  • Every aspect of it is lawful. It is guaranteed by the U.S. Constitution, Supreme Court and other court decisions.
  • It is easy to establish, can be maintained by you and involves minimal paperwork. It greatly reduces or eliminates fees.
  • It is lawful in every state. A Spendthrift Trust properly established in one state can operate in any other state.
  • It is made irrevocable to avoid any questions as to ownership of the assets.
  • It prevents any information about your assets, liabilities and heirs from becoming public.
  • It can operate any lawful business anywhere in the world. It has limited liability and most of the advantages of a corporation with none of the disadvantages.
  • It has no periodic reports or accounting to make to any state or government.
  • It has the same constitutional rights as any individual, that is, the right to privacy, freedom from unwarranted search and seizure, to refrain from self-incrimination and all other rights.
  • When the Spendthrift Trust is used in a legal manner and under the provisions of the Spendthrift, it is totally impenetrable by creditors, agencies, governments and is immune from transfer by operation of law.
  • Your personal bankruptcy has no effect on the Spendthrift Trust assets.
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