Revocable Trust or Living Trust; is the only trust in the United States, and in the world as the trust that does not go through probate. Probate means in simple words: “Court.” If any man or woman is in court or under statutory jurisdiction, the court will summon him or her to appear or the City, State, or Federal Government will administer rules for the estate. The estate isn’t always YOU AND YOUR NAME.
If you update your NAME and NUMBER listed on a Social Security Card as the Trustee of a revocable trust you created, and obtain a Employer Identification Number (EIN), you will update your status in the system(s) worldwide. The International Monetary Fund (IMF) will also recognize you being no longer in a “Court” jurisdiction. This will be finalized by proof of a 1041 filing. All money and funding will now come directly from the treasury. No banks will have authority. Banks represent “probate.” If a “Bank” has authority, a “Court“ has authority.
Courts are Banks, Banks are courts. Learn how to open your own bank or operate your own bank outside of probate through a Revocable Trust and Irrevocable Trust simultaneously.
Revocable Trust(s) as directed by IRS to distribute all assets of the trust by the trustee. And all assets (Treasury checks) to all beneficiaries or to payoff all expenses, bills, and debts of the trustee. Meaning always being at 0 income.
In order for this to be done, an executed revocable trust is required, along with an Employer Identification Number (EIN). This shall and must be obtained and used at all times as the identification number of the trustee or fiduciary.
According to IRS.gov website and law, that trustee is always YOU.
No one can ever do it for YOU due to security reason and non-probate status.
The moment you request assistance from a “Professional” who has allegiance to “Probate” you will be brought into a “Personal Liable” bank account.
This is what will block your money. The BANK.
Learn how to operate your 1st business. Which is a Bank.
source: https://www.irs.gov/charities-non-profits/private-foundations/certain-revocable-and-testamentary-trusts-that-wind-up
Example of a Sole Proprietor Bank will look like this debit/debtor side card. This is evidence and proof beyond reasonable doubt you have authority and access. This will be accounted for on the 1040 with Schedule C.
I am so excited to start this process, I love you guys!
I am so excited to start this process, I love you guys!
Can not wait to get started in this process. Feel many good things to come!!
Exactly. Learning the inside and outside operations of a bank encompasses all things. This is the 1st business to open up to fund any other ventures.