Related Topics:   Protection Package 1   I   Protection Package 2

A 'trust’ is an entity that holds assets for the benefit of a certain person or other entity. The small trust that we offer consists of at least one 'trustee' who has responsibility for the assets (in this case, one or two cars) and a 'beneficiary' for whose benefit the trust was created who, in this case, is the man or woman who uses the car(s). There are many different types of trusts but for our purposes the foregoing definition is sufficient. 

The benefit of using a trust is that it is completely private, i.e., it doesn’t have to be registered with the state, it takes ownership of the automobile out of your name, and  you can use any address you’d like for it*. Besides the Declaration of Trust, you also receive a  Certificate for 100 Trust Units, which is similar to a stock certificate for a corporation. The Trust Units are in the name of the beneficiary. You also get a "Permission to Use" document which is basically a letter from the trustee stating that the named beneficiary and anyone else s/he may appoint has permission to use the car. 

Aside from putting distance between you and the corporate state, having your automobile in a trust may have the added benefit of protecting you from lawsuits and judgments particularly if they result from non-moving violations, like parking tickets. 

Utilizing a trust for conveyance registration purposes consists of: 

1) establishing an address for the trust in the state of choice*, 
2) setting up a simple automobile trust, and then 
3) titling and registering the car in the name of the trust in that state. 

* Generally, the trustee's address is used. The trustee will need to show identification,  and for the trustee’s protection, have him/her write “by agent” after their signature when signing the registration form. Also, caution your trustee to make sure the registrar puts the name of the trust organization as the owner, not the trustee’s name. 

Click here to send the necessary information for trust setup>>