Trusts (Sham) · Checkmate The Matrix

Trusts (Sham)

I have been putting off asking this question as I am sure I am missing something and there is a simple answer, it has yet to become apparent to me so I have to ask.

Peter has put together a superb set of documents that seem to a layman pretty bulletproof. I have done quite a bit of reading about the security of trusts and from what I see the biggest failure point is the "Sham Trust "scenario whereby someone sets aside property in a trust and then continues to use and benefit from that property as if the trust did not even exist.

I look at the Smithery Trust example where they have put everything even their spit(DNA) into trust and it is clear that to continue their existance they must continue to use and benefit from items in the trust. I am sure the answer lies somewhere in the legal/equitable interest argument but sorry I need it explaining. If someone can point me to a doc or video please do

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