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BENEIFICIAL TRUST APPLICATION

BENSON FINANCIAL BENEFICIAL SPENDTHRIFT TRUST APPLICATION

This will be used for Trustee and Mailing purposes.

Multi-line address

This person will also have access to deposit and withdraw funds, buy/sell assets with the Trust.

You can be creative. The point is anonymity and protection. Do not use any parts of your name that can be traced back to you. Ex. Crowned Dragon, Jynxs Sphynxs, CatDogLamaSloth. Name it anything you want. People/entities will write checks/wire funds to it, avoid vulgarities.

Note: YOU CANNOT NAME YOURSELF.

Only first and last names or entity names are required. These are persons or entities who/which benefit from the Trust Estate. The rights of the beneficiaries depend on the terms and conditions of the Trust. Beneficiaries have no "equitable title" only a "beneficial interest" in the property or assets held in the Trust. They have no right of management of the Trust, nor have any right or have access to business records or knowledge of trust business or actions.

If this is to be used in conjunction with a Business Trust, Real Estate Trust, Charitable Trust, or Oil & Gas Trust, Please state which Business/Group/Entity/Trust (if known) and name of Entity.

We want to ensure those who refer clients are compensated appropriately.

AVOID, DEFER OR REDUCE YOUR TAX LIABILITY TODAY 

All rights reserved. No part of this material may be reproduced, initiated, or utilized, in whole or in part, in any form or by any means, electronic or mechanical, including but not limited to photocopying, recording, or by any information storage and retrieval system, without the express permission in writing from Benson Financial LLC. Violators are subject to both civil & criminal liability. See 17 U.S.C. § 501-506, which includes civil liability for damages, loss of profits, statutory damages up to $150,000, and atty fees. See 18 USCS § 2319, which includes imprisonment of up to 10 years.

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“Benson Financial does not give legal or tax advice to any purchaser of the Copyrights. We encourage everyone to seek legal and tax advice from qualified professionals.”

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NOTICE: Benson financial US Business Trust (“BENSON”) strongly encourages the purchasers of a Benson Trusts Product to be mindful of all rules and regulations that apply and should be followed in structuring, implementing, and operating any of the various Benson Trust Products. Accordingly, Benson strongly urges each trustee and/or their authorized agent or representative to at all times be knowledgeable of, and compliant in all material respects with the provisions of Trust by: (1) not engaging in any type of fraudulent activity in connection with the administration of the Trust, (2) not taking any action in contravention to the Trust, local law, state law, and/or federal law, (3) timely filing an accurate income tax return with the Internal Revenue Service (and where required the filing of an accurate income tax return with all local and state governments), and (4) not understating income or overstating a deduction on an income tax return. By purchasing a Benson Trust Product, directly or indirectly, the purchaser agrees that he, she, it, is solely responsible for consulting with their own tax advisor as to the tax consequences associated with the income and principal distributions made from this trust and that you the purchaser assume sole responsibility, to the complete exclusion of Benson for the tax consequences resulting from the use of the Benson trust product including specifically with respect to income and principal distribution and IRC Section 643 treatment and application. The tax rules governing Non-Grantor, Irrevocable, Complex, Discretionary, Spendthrift Trusts are complex, change frequently, and depend on each individual taxpayer’s situation. By purchasing A Benson Trust Product, you the purchaser acknowledge that any tax liability or other tax consequences to you resulting from the establishment of this trust is solely your responsibility. Purchaser further acknowledges that he, she, or it, bears sole responsibility for the structure, implementation, and operation of any of the various Benson products purchased by you, directly or indirectly, and that you, to the express exclusion of Benson, shall bear sole responsibility for any adverse consequences for improperly structuring, implementing, and operating, a Benson Trust Product or otherwise improperly using a Benson trust product.

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