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The Truth About Trusts

The document discusses how signing up for Social Security causes you to give up control of your birth certificate trust by making others the fiduciaries, but that filing a Form 56 or claim of right stops others from acting as fiduciaries. It notes that while fiduciaries like executors and trustees administer trusts, they are in charge and decide distributions, and that forming and administering trusts allows the rich to maintain control without ownership to avoid taxation.

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165 views1 page

The Truth About Trusts

The document discusses how signing up for Social Security causes you to give up control of your birth certificate trust by making others the fiduciaries, but that filing a Form 56 or claim of right stops others from acting as fiduciaries. It notes that while fiduciaries like executors and trustees administer trusts, they are in charge and decide distributions, and that forming and administering trusts allows the rich to maintain control without ownership to avoid taxation.

Uploaded by

vigilence01
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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The Truth About B/C & SIN TRUSTS The problem with SS isn't that you're a fiduciary of that

trust, but that you gave up control of your BC trust [Cestui Que (Vie) Trust] by signing up for SS. Form 56 or a COR & NUI stops that by blocking others from acting as fiduciaries of that trust. What fiduciaries, like executors, trustees and personal representatives do, is to ADMINISTER the trust. They ARE in CHARGE, and DECIDE who gets what from that trust. You can't own the trust, the best you can do is to administer it. That's what rich people do when they want to avoid taxation; they form a trust and administer it, which gives them control without ownership.

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