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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (20)	2/16/1998 6:27:00 PM
From: ROB	Respond to of 1383

A pure trust is actually a contractual agreement protected under article 1 section 10 of the US Constitution. The difference between this trust and other trusts is that a pure trust is not formed by a contract with the state as is a corp. or a statutory trust. A pure trust is also irrevocable. A pure trust has no reporting requirements! The pure trust I manage cost $1000.00(I don't set them up so I am not trying to make a buck here!)and was set up by a company which has been doing this for 10 years(web site is www.solgroup.com) In this time they have never had any problems (to my recollection) with the IRS. There are beginning to be a lot of peddlers out there endeavering to make money so you must be careful who does your trust work, or there will be problems and you will have a trust no different than any other statutory trust. In my opinion, solutions is the best. One more note, it will require an open mindset, the IRS has overstepped there bounds and it is time for change, pure trusts have been used for decades but the IRS is not exactly excited when you go this route. Check it out on your own. good luck Rob