What is a Spendthrift Trust?
A contract in the form of a Spendthrift Trust does not owe its existence to any act of the legislature. The authority for its creation is the common law right of the parties to enter into a contract, and our “right to contract” according to the Constitution of the United States, Article §10 is unimpairable, meaning it is absolute; contracts between parties cannot be regulated by the government.
Our unique and specialized copyrighted Spendthrift Trusts follow Scott on Trusts, the authoritative treatise on trust law in the United States and are in 100% compliance with the Internal Revenue Code. These specialized trusts have been in use for over seven decades.
Government Control & Protection of Assets
Once the property is transferred into a Spendthrift Trust, it is subject to its own indenture, which governs and protects the property held by it. The government can ONLY regulate and tax entities it creates – not a Spendthrift Trust.
Advantages
Once the property is conveyed into a Spendthrift Trust, it is subject to its own indenture, which governs and protects the property held by it. The government can ONLY regulate and tax entities it creates – not our copyrighted Spendthrift Trust.
Not a Taxable Association
A Spendthrift Trust is not an “association” or “unincorporated association” because it does not have corporate attributes. Unlike corporations, it is not an artificial entity, nor does it owe its existence to the state.
Independence & Legal Standing
The Supreme Court case Eliot v. Freeman (220 US 178) ruled that a Spendthrift Trust is not subject to legislative control. The trust relationship comes under equity based on common law, not legislative authority.
Weeks v. Sibley (1969)
Edison California Stores v. McColgan
IRS Handbook § 412
Narragansett Mut. F. Ins. Co. v. Burnhamun
More Advantages of Our
Copyrighted Spendthrift Trust
- Guaranteed lawful under U.S. Constitution & Supreme Court rulings.
- Easy to establish and maintain with minimal paperwork.
- Lawful in every state and recognized nationwide.
- Irrevocable – avoids ownership disputes.
- Impenetrable by creditors, agencies, and governments.
- Not affected by your personal bankruptcy.
- Keeps information about assets, liabilities, and heirs private.
- Can operate any lawful business anywhere in the USA and in many countries around the world.
- No periodic reports required to be filed with any state or government; Only files a 1041 Annual Federal return.
- No periodic reports or state/government accounting required.
- Enjoys same constitutional rights as any individual (privacy, protection, freedom).