What does a typical asset protection trust look like?
This is a typical asset protection trust that’s – this one’s done for Thames Trust in Saint Lucia. It’s a good trust company. It’s a great trust company. In fact, it’s run by Nicolas John. He’s got, you know, several law degrees. He’s trained in London like everybody in these little countries and is somebody I’ve dealt with for 20 years. I give him a lot of work and I just pulled one of his trust agreements out to use as an example.

And this would be where you would start if you were doing a typical, a non-kinetic asset protection trust, which is what you should do if you need asset protection for yourself. All decent trusts have good tables of content. This is a simple table of content but it’s a simple trust. It’s not 100 pages long. It doesn’t have a lot of complex provisions and that’s why it’s a perfect place for you to start.

Tonight when you’re finished with this lecture, you should read this entire trust. Force yourself to read it. Even read through the paragraphs you don’t understand because by the end of this course you will understand them and if I haven’t done a good enough job to cram it down into your brain by the end of this course then you need to ask questions and make sure I do because every word in this trust should be very very comprehensible to you once you’ve finished your training.

Okay. Here is where they all start. They all start with a settlement provision. This one starts with paragraph 1, the settlor, the settlor. Now, you all remember who the settlor is. The settlor is the trust maker. The settlor is the grantor. The settlor retains a lot of power but in this case less power than a typical kinetic plan and you’ll soon see it. But let me just show you – I put some little red notes on the right so when you go through this you can actually take special notice of the people being introduced.

Paragraph 1, we introduced the settlor and that’s, that will be you. That will be the typical client. Paragraph 2, we introduce the trust company. And why did I pick this one for this example, only because I use them a lot. Why do I use them a lot? Because they’re affordable, because they’re honest even though I tell you you should always assume the trusties are crooked, these guys aren’t and it’s good to have a trustee in a safe, secure jurisdiction.

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