Chart Irrevocable Trust, Revocable

Living Trust, Non-Grantor Trust,

Sign up for a FREE newsletter to learn about the latest inside secrets to wealth-building, tax-saving tips and strategies for your successful financial roadmap...PLUS you'll receive a FREE downloadable eBook on precisely how the surefire Ultra Trust® - the Irrevocable Trust Asset Protection program developed by an Award-Winning Estate Planner - can save you thousands of dollars of legal fees; save you hundreds of hours of your valuable time; reduce your taxes completely legally; secure your privacy, preserve your money and protect your assets in one easy, fast step-by-step plan...

* required

Email Address: *

First Name: *

Last Name:

We never share your email information with third parties. We collect your email address so you can benefit from money-saving tips. For more information please review our privacy policy. Powered by VerticalResponse

RSS 2.0 - Subscribe to feed

Comparison chart of Irrevocable Trust, Revocable Living Trust, Non-Grantor Trust, LLC, Sub-S Corp, Family Limited Partnership, Limited Partnership, General Partnership

1 - UltraTrust - designed for your primary residence and all your valuable assets. May qualify as an insurance trust.
2 - Revocable Living Trust - sole purpose is to avoid probate. A very weak trust with no asset protection whatsoever. Extremely risky.
3 - Domestic Non-Grantor Trust - called the Vertex Trust®, an irrevocable non-grantor trust, a very effective and powerful devise. The Vertex Trust is designed for high net-worth invididuals. May be combined with Foreign Asset Protection Trusts 4 - Limited Liability Co. - creditors will have a difficult time to pierce. Replaces the Sub "S" Corporation.
Feature / Benefit	Ultra Trust®¹	Revocable Living Trust²	Domestic Non-Grantor Trust³	Limited Liability Co. LLC⁴
Asset Protection	YES	NO Protection, NONE	YES	YES
Eliminate Probate	YES	YES	YES	NO
Eliminate Estate Taxes	UNLIMITED	NO	UNLIMITED	NO
Defer / reduce Capital Gains Taxes	Possibly, under certain conditions	NO	VERTEX TRUST ® up to 20 years	NO
Defer / reduce Income Taxes	NO	NO	YES, if combined with international structure	NO
Form 1040 income tax benefits	YES, Designed for asset protection, but Interest on mortgage and Real Estate Tax pass-through as a tax deduction to your form 1040. If it's a business, all underlying income and expenses are passed through.	YES You have done nothing. You still "own" the assets	NO	YES
Comments:	Designed to hold your primary residence and ALL your other significant assets; the only structure that can hold Sub "S" stock; qualifies as an Insurance Trust (see footnote A) With Ultra Trust ® you no longer own the assets, you do not qualify for the probate process and you do not qualify to file and pay the estate tax.	Designed to eliminate probate. DOES NOT eliminate estate taxes; ABSOLUTELY NO asset protection, nothing more than an extension of your will. In my opinion: a sham perpetrated on you by unqualified professionals.	designed to defer all capital gains taxes when combined with international structure (see deferral of Capital Gains)	Replaces Sub "S"; LLC Entity of choice for all new business entities; strongest asset protection for business ( see footnote A & B )

5 - Sub "S" Corporation - very limited application due to the restrictive IRS regulations; the LLC is better.
6 - Limited Partnership - the IRS is successfully challenging the nature and tax-sheltered benefit derived; the LLC is better.
7 - General Partnership - unlimited risk on behalf of all your partners. This is worse than a proprietorship.
Feature / Benefit	Sub "S" Corporation ⁵	Family Limited Partner- ships	Limited Partner- ship⁶	General Partner- ship⁷
Asset Protection	Courts have rendered this structure worthless	General Partner exposed for 100% of assets	General Partner exposed for 100% of assets	NO Protection, whatsoever. EACH PARTNER is exposed to the liability of ALL his other partners. You should NEVER do business as a General Partnership. Worse than Sole Proprietorship.
Eliminate Probate	NO	NO	NO	NO
Defer / reduce Capital Gains Taxes	NO	possibly	NO	NO
Defer / reduce Income Taxes	NO	possibly	NO	NO
Form 1040 Income tax benefits	NO	NO	NO	NO
Comments:	The White Elephant. Professionals no longer regard this method of onwership as an asset protection device or tax efficient device. He who "owns" the stock owns the company; NO asset protection for the shareholder; officers, or directors. Too many restrictions on who may own the Sub Chaper "S" stock for efficient tax pass-through.	Designed to slowly leave your company to your children; general partner has NO asset protection under attack by IRS ( See footnote A & B )	General partner has NO asset protection; he who controls the GP owns the company ( See footnote A & B )	it's extremely unwise to operate as general partnership; not only are you responsible for your own lawsuit(s), but also that of "ALL" your partners potential lawsuits

Sole Proprietorship: If you operate your business as a " sole proprietorship", it's the absolutely worst way to do business and you're a walking lawsuit. (I'm being tactful with my words).

(Footnote A) The Ultra Trust ® is an ASSET PROTECTION FORTRESS when combined with other structures: - the LLC, Family LLC, Limited Partnership, Family Limited Partnership, or is the owner of a General Partnership Interest.

(Footnote B) Creditor's sole remedy is a "Charging Order" against partner's "Capital Account Distributions". When will the LLC partner get a "Capital Account Distribution?" Answer: NEVER. Furthermore, the creditor is obligated to pay taxes on your taxable income, even though the creditor receives NO ACTUAL CASH DISTRIBUTIONS. Click here more information on the " Charging Order"

Rocco Beatrice, CPA, MST, MBA, Managing Director, Estate Street Partners, LLC.
Mr. Beatrice is an asset protection, award-winning trust and estate planning expert.

If you are seeking for an Alternative, Uncompromising & Exclusive Estate Planning & Wealth Preservation Chartered Roadmap to Your Accelerated Financial Success then call us now for a completely FREE, no obligation, no sales pressure, 100% total & complete client privacy consultation. Call us now at 508-429-0011!

*required fields		Sign up for our FREE newsletter to learn about the latest inside secrets to wealth-building, tax-saving tips and strategies for your successful financial roadmap...PLUS you'll receive a FREE downloadable eBook on precisely how the surefire Ultra Trust® can save you thousands of dollars of legal fees; save you hundreds of hours of your valuable time; reduce your taxes completely legally; secure your privacy, preserve your money and protect your assets in one easy, fast step-by-step plan....
Email Address:*
First Name:*
Last Name:

We never share your email information with third parties. We collect your email address so you can benefit from money-saving tips. For more information please review our privacy policy.

Estate Street Partners, LLC
Uncompromising, Alternative and Exclusive Estate Planning & Wealth Management for an Accelerated Chartered Roadmap to Financial Success
71 Commercial Street #150, Boston, MA 02109
toll-free: 888-93-ULTRA (888-938-5872)
tel: +1.508.429.0011 fax: +1.508.429.3034
Only by appointment: 2235 E. Flamingo Road, Suite 201-G, Las Vegas NV 89119
toll-free: 888-93ULTRA (888-938-5872)
tel: 702.615.7616 fax: 702.796.6694

| Del.icio.us | Google | Furl | Yahoo MyWeb

Netscape | reddit | Spurl | Connotea | Squidoo

Technorati | ma.gnolia | Earthlink.net | Backflip

RawSugar | Shadows | Simpy | StumbleUpon

Chart Irrevocable Trust, RevocableLiving Trust, Non-Grantor Trust,

LLC, Sub-S Corp, Family Limited Partnership

Chart Irrevocable Trust, Revocable

Living Trust, Non-Grantor Trust,