Letter Re: Trusts
Hi Hugh / JWR, In reply to the post about trusts I would inform your readers of another kind of trust. There are a number of different kinds of trust and many I would not consider to be asset protection; there is however a trust that is known as a Massachusetts or Contract Trust. While most trusts are statutory documents, a Contract Trust is a Constitutional document and has stood the test of multiple court challenges from the likes of the IRS. Many very wealthy people have their assets in this type of trust. This trust does not die until …