Personal Property Trust Agreement

Posted on November 17, 2014 by global

This kind of trust is for any type of personal property such as stocks, bonds, options or tangible assets. Your IRA will be the beneficiary.

(Revised 11/17/2014)

Personal Property Trust Agreement

This entry was posted in How to Get Rich With Your IRA And Never Pay Taxes. Bookmark the permalink.

16 Responses to Personal Property Trust Agreement

  1. Daniel Nicholson says:
    November 18, 2014 at 2:49 pm

    This Personal Property Trust can also be used as an asset protection tool similar to a Land Trust – for holding title to valuable non real estate assets such as vehicles, boats, airplanes, etc. Instead of registering / titling one’s property in your personal name, title it in the name of a trust and the Trustee’s name. Thus no attorney can search the public records to discover valuable property owned in your name.

    Reply
  2. Cheryl Montana says:
    March 31, 2015 at 11:35 am

    Big thanks for that info Daniel.

    Reply
  3. Richard Mc Calla says:
    June 8, 2015 at 3:14 pm

    Am I correct in assuming that you would use this Trust for an option on Real Estate rather than 3)Trust Agreement because an option is not a debt instrument?

    Reply
  4. Dan Nicholson says:
    December 1, 2016 at 11:05 am

    This particular trust agreement is worded to provide for management of investments. My earlier comments about registering / titling property into a Personal Property Trust were meant to apply to valuable personal properties other than investments – such as cars, boats, airplanes, etc. which can be attached by creditors via a court judgment. The clauses of such an agreement would necessarily need to be modified to describe the duties and responsibilities of the Trustee regarding trust assets. The investment management clauses of this particular agreement would be deleted, and others substituted as required to suit the objectives of the specific Personal Property Trust being created.

    Reply
  5. Daniel Rome says:
    April 24, 2018 at 9:42 pm

    Do you need to file this anywhere with the county?

    Reply
  6. Bella Chartrand says:
    December 13, 2018 at 12:40 pm

    Thank you! I found this by typing ‘Personal Property Trust’ in the search field under ‘Resources’ because I want to buy a nice car and put it in a trust after learning what Ron teaches in the Asset Protection Video. I love this Gold Club site. It covers all our bases…even non real estate related things!

    Reply
  7. Dorothy Thompson says:
    June 6, 2020 at 6:16 pm

    Awesome, thank you Ron!

    Reply
  8. Mark F. Sanicola says:
    August 4, 2020 at 1:50 pm

    Do I make myself the Trustee on this form when putting cars, boats, etc into the trust??

    Reply
  9. Brian Lucy says:
    October 26, 2020 at 8:26 pm

    so on the 1st page of the agreement where it refers to in thefirst person, and ________________ what do we put in that line?

    Reply
  10. Brian Lucy says:
    October 26, 2020 at 8:28 pm

    is there an example one to look at?

    Reply
  11. Ric & Jane Espana says:
    December 29, 2020 at 1:57 pm

    Thank you so much Ron & Team for this great doc!

    Reply
  12. Harroll Chisom says:
    May 3, 2021 at 5:43 pm

    Why can’t I see the 11 responses to Personal Property Trust Agreement? Please make this responses available.

    Reply
  13. Tina Emmons says:
    July 29, 2022 at 6:03 pm

    Q: Hoping someone can help me with this. I am separating from a partner and I took possession of his truck because he was in dispute with the state over taxes. They threatened to seize his “assets’ so until we could get it worked out, I own the truck. Now that we are separating and he still can’t “own” the truck I was wondering how to structure it by using a PP trust. Do I place it in the trust and assign beneficial interest to him? Who should be trustee? Does this protect me from liability involving the truck?

    Disclaimer: This is not to evade taxes. The state is being unreasonable and until now would not accept a payment plan like he has with the IRS. They seem to be more receptive recently so we are hoping to get this resolved. Still better for him to use the trust anyway even when the state is not a threat.

    Thank you!

    Reply
  14. Robert Straker says:
    June 3, 2023 at 3:40 pm

    Hello,

    Thank you Ron for this form. I discovered it can be used different ways to benefit me. Keep up the great work.

    Bye for now,
    Robert

    Reply
  15. Jeff Clayton says:
    December 14, 2024 at 11:07 pm

    A personal property trust can own the membership interest in the LLC that either owns real estate directly or owns the beneficial interest in a land trust, according to Anderson. Fascinating.

    https://andersonadvisors.com/blog/personal-property-trusts-explained/

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *