KEEP MORE & PROTECT WHAT YOU HAVE!
PROTECT AND GROW YOUR WEALTH
Sterling Pratt Group specializes in building generational wealth, asset protection, and
maximizing tax deferral for our clients through an established spendthrift, complex,
discretionary, non-grantor, and irrevocable trust document. We provide sufficient support in
matters dealing with the financial management and operation of your Spendthrift Trust.
BENEFITS OF A SPENDTHRIFT TRUST
"The secrete to success is to own nothing,
but control everything."
Nelson Rockerfeller
Why do wealthy people have a Spendthrift Trust?
The main answer is asset protection. What you don't own can't be taken from you.
Another benefit is that your Spendthrift Trust can allow for an indefinite tax deferral. Passive income that passes through a properly drafted Spendthrift Trust can be deferred; much like a Roth IRA. Income from Dividends, Royalties, Interest, and Capital Gains can be deferred.
Nelson Rockerfeller
Spendthrift
The Spendthrift Provision is the critical element of the Trust document. Except in cases of fraud, the Trust Corpus cannot be penetrated to reach the assets of the Corpus. The Spendthrift nature of the Trust ensures asset protections against judgments, levies, and lawsuits.
Complex
Your Spendthrift trust is Complex in nature. Nevertheless, the Trust Documents will always clearly state the Terms & Conditions of the Trust. This will help the Beneficiaries of the Trust to plainly understand its contents.
Discretionary
The Spendthrift Trust insures the absolute and sole discretionary power of the Trustee in determining the distribution of the Corpus assets to the beneficiaries. This protects the Trust and its beneficiaries.
Non-Grantor
The creator of a Spendthrift Trust has no management of the corpus and is not a beneficiary. This keeps the Trust from becoming a living Trust which would have no tax advantages or asset protection.
Irrevocable
Assets are irrevocably transferred to Trust and cannot revert to the one who is making the transfer to the Trust. This protects its tax deferring nature.
