Trusts: Buyer Beware

September 23, 2016 at 4:13 PM | Posted in A Conscious Life, Can you Trust Your Trustee?, Think, Trusts | Leave a comment

money-chess

Rocco Beatrice Sr. and Jr. of Ultra Trust were on my show recently to share their incredible insights when it comes to protecting your family’s financial future and legacy.

Rocco Beatrice stated that “Revocable Trusts” ARE NOT worth the paper that they are printed on! So why are they so heavily promoted? And how are they different from “Irrevocable Trusts?”

They are promoted because they make money for the people who create them. Secondly, Ultra Trust made it clear that “Revocable Trusts” do NOT protect you nor your assets from predators, lawsuits, etc.

Check out the interview in the Archives and his web site at http://www.ultratrust.com

And how can you trust the Trustee? A Trustee should only be a Co-Trustee with an Overseer of the whole Trust to bring a balance of power and accountability.  What happens when the Trustee is also “Power of Attorney” and has too much power? Nothing good comes from any one person having all of the power over a Trust. What credentials should these individuals have? A CPA , CFP designation and a whole lot of experience and with a recognized, honorable Financial Firm.

Have you seen how many Attorneys offer their Trust creation services? There is an old joke that says if you want to teach an Attorney to make a million dollars, you first need to start them out at two million!

Rocco Beatrice Sr. says in one of his You Tube videos that Attorneys squeeze people for a living, so to have an Attorney without a qualified CPA is just asking for a lot of trouble.

This is a great show. I am personally seeing the chaos that can unfold with a dishonest Trustee [who happens to be a Lawyer] who granted themselves as the primary Beneficiary and literally robbed my elderly [and now deceased] Grandmother before the actual Beneficiaries were remotely aware of the larceny and fraud.

“Buyer Beware” when setting up any Trust is something that every family should be awakened to.

money_greed_trust

Remember to have a team of professionals with CPA backgrounds and at least one trusted family member who is capable of being impartial, level-headed, and mindful of the wishes of the Trustor[s].

 

Leave a Comment »

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.
Entries and comments feeds.

Greening Our Children & Yours!

Sharing Ideas on Environmental Health and Hazards

Uniquely Narcissistic

Signs and Red Flags of Narcissists

Save Our Deer

Stop the Extinction of Connecticut Deer!

Save our iMfolozi Wilderness

HELP SAVE the iMfolozi Wilderness Area by saying NO to the Fuleni Coal Mine and YES to keeping Wilderness Areas sacred.

SBFPHC Policy Advocacy

Social and Behavioral Foundations of Primary Health Care (JHSPH)

Patterns of Creation

Meditations on Kabbalah and the Tree of Life

RHF™ India

The Complete Human Body™

Under The Banyan

Stories about us and nature

Canoe Communications

live in the moments that matter

My 'Monthly' Omer of Manna

Thoughts and Wanderings from the Backside of the Desert... One Month at a Time. Because you can't Live on Yesterday's Bread

Art and Horses (Laura Leigh's Blog)

Information, thoughts, photographs, expression (with horses at the heart)

Another Bag, More Travel

Just another WordPress.com site

Hiking Photography

Beautiful photos of hiking and other outdoor adventures.

Marcia Rosenberg’s Animal Advocacy

The sole purpose of this website is to provide a location for published articles and news videos regarding Marcia Rosenberg’s animal advocacy.

All Glamour All the Time

What's up at Locket's Meadow Farm

%d bloggers like this: