Leveraging Trusts for Excellent Wealth Protection and Growth
At The Trust Works, we specialize in creating powerful protections for your assets, offering a comprehensive range of Trust Services. From setting up Business Trusts to Real Estate Trusts, our team is here to offer expert guidance and support. We will ensure your assets are in secure hands and your future is safeguarded through:
Asset Protection
The Trust Works Irrevocable Spendthrift Trust serves as a reliable tool for protecting your assets. This Trust not only eliminates the necessity for a "Will" but also significantly reduces the need for probate proceedings.
Tax Efficiency
By opting for our Financial Trusts, you gain access to valuable tax advantages. Placing income and assets within our Trust structures can potentially lead to reduced tax liabilities, with the possibility of lower tax rates or even exemptions.
Additionally, our Trusts are designed to shield your assets from estate taxes, thereby securing your wealth for future generations. Partner with us to leverage the intricacies of the tax code and enhance your financial well-being.
Enhanced Financial Privacy
The Trust Works holds the principle of Financial Privacy in high regard. We understand that privacy is a fundamental American right. With our solutions, financial records and affairs remain entirely confidential, ensuring your peace of mind.
Supporting Your Business Financial Well-Being
The Trust Works understands the importance of trust in conducting business. We offer comprehensive solutions to help businesses establish and maintain trust in their operations. Our team works closely with you to ensure your Business Trust needs are met with precision.
From Trust administration to compliance and Fiduciary responsibilities, we have the expertise to guide you through the complexities of Business Trust Management.
Beneficial Trust Services
The Trust Works is your trusted partner for Beneficial Trust Services. We offer services designed to help individuals and families maximize the benefits of Trust arrangements. Whether you're looking to protect your wealth, plan for future generations, or support charitable causes, our Beneficial Trust Services provide the flexibility and security you need.
Legal Opinion
September 17, 2017
“To Whom It Shall Concern:
The Trust you have purchased is a very unique legal document that intertwines Scott on Trust Law, the Restatement of Trusts and the Internal Revenue Code (IRC) to create a Non-Grantor, Irrevocable, Complex, Discretionary, Spendthrift Trust which is Copyrighted. Liability is limited in that no litigation against the Trustee or Beneficiary is able to penetrate the Corpus of the Trust because of the Spendthrift Provision.
Your personalized version of the Trust is structured to allow the Trust to take advantages of exclusions from the sale or exchange of capital asset gains under Title 26, Subtitle A, Chapter 1, Subchapter 1, Part 1, Subpart A, and Section 643 of the IRC.
It further provides the exclusion of extraordinary dividends and taxable stock dividends from items of gross income because the structure allows the Trustee to allocate these dividends to the Corpus of the Trust. The Trust is not subject to capital gains tax.
Since they are in compliance with the IRC and are legally acceptable legal documents, they receive an Employee Identification Number and file a Form 1041 as a Complex Trust each year. They must meet the compliance codes and filing requirements. Relevant code sections are Title 26, Subtitle A, Chapter 1, Subchapter 1, Part 1, Sections 59, 67, 543, 553 and 927, Subpart A, Sections 641 and 643, Subparts A, B, C, and D, and including Section 651, Sections 672, 673, 674, 675, 677, and 678.
Your Trust, being a Spendthrift Irrevocable Trust is not subject to operation of law or tum over orders by any court. This limits the liability of Beneficiaries and Trustees of the Trust. It also makes the Corpus of the Trust unreachable by creditors.
These Trusts are proven over time, established and Copyrighted to ensure you of the very best quality in privacy, reduction of taxes and legal protection.”
Legal Opinion from: Private Houston Based Law Firm
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Whether you are an individual looking to secure your family's future or a corporate entity seeking to maximize your assets, we are committed to providing comprehensive and professional Trust Fund Management Services. Contact us to learn about your options.