Previously we learned that a TRUST'S VEIL can be PIERCED!
LONNIE CROCKETT, one of the foremost sought after experts on TRUSTS, told us that most people think it is just ONE TRUST that is needed!
WRONG!
Actually we learned that EVERY VALUABLE ASSET has to have its OWN TRUST!
He shared with us that every private jet at Delta Airlines is in a SEPARATE TRUST! This helps Delta Airlines LIMIT its liability! As it turned out the beautiful brunette sitting next to me was the OWNER of a Trailways® franchise! She was learning that EVERY bus needed its OWN TRUST!
So Delle would have had to put EVERY VALUABLE in her possession into a SEPARATE trust to protect herself. If her current husband was smart enough he could find an attorney that could PIERCE her $10,000,000 trust!
Yes, I did see that Lonnie was charged with TAX EVASION and sentenced to 42 months in prison. In our seminar he never discussed how to evade taxes. This was only about TRUSTS.
More in the next post!
Hugh Simpson