Grok’s take only fits public or registered trusts. A real private trust runs under contract law, not government rules, so it’s not automatically tied to property tax. Trust law makes it clear: a private trust is a private agreement, not a public entity—unless you bring it into the public system by registering it or applying for exemptions.
Also, the Private domain is a state of mind. As a private individual, you can be in public and private realm, if you ran away to the private realm, goverment has no jurisdiction on you. Powerful stuff.
I'm sure ther are peds here that has more knowledge to share...
A Public Trust is a registered setup that follows government rules—it's audited, pays tax, files returns, and its details are public. A Private Trust is unregistered and runs privately without those rules. It doesn’t file taxes or reports, and the trustee can borrow using trust assets if needed. It uses language that is not tied to corporations eg: income vs sustenance, children vs offspring.
Imagine keeping 100% of your sustenance.
UISA! UISA! UISA!. It just doesn't have the same ring to it.