Help Me Anons! The Organic Act of 1871 (see link) from my reading, does not contain the words "United States Corporation.' The Act is shady AF, but where can I find the authority that Congress created a "Corporation of the United States" or "the United States Corporation." Thanks
(www.youhavetheright.com)
🧐 Research Wanted 🤔
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What is the difference between a trust and a private trust. Never heard of a private trust because I thought all trusts were private.
I'm not an expert but the book that is considered the textbook manual is called The Art of Passing The Buck. It lays out it great detail how trusts have evolved over time and how to set up a private family trust that can last for generations. You don't need a lawyer, you just need to know how to do it.
When you have a lawyer do it, that is how the state gets involved. Because the state sets the rules for how licensed attorneys must set up the trusts in a certain way in case the trustees can't be found or some other issue arises that needs to be handled and there are no trustees available.
Basically, a private trust is a legal entity that is not registered or administered by any government entity. It can own property, open bank accounts, create corporations and LLCs that do business with government, but the trust itself remains private. You might register certificates with state entities to let them know that it exists and what property belongs to it, but the actual original document with full details would be kept in a binder in a safe, next to your gold bars and such.