Book VIIIChapter 1

Introduction

A Business Intelligence ReportBy Celtic Wind Investment

Presented by: Nicola Chin and Michael Belgeri

Trusts ,Trust Fraud, and Taxes:

A Risk Management Guide

OBJECTIVES

Introduce and discuss the variety of legitimate Trusts recognized by the Internal Revenue Service

Develop an awareness of Internal Revenue Concerns with Tax and Trust Fraud Schemes

Review the acceptable paths to property purchase and protection.

Itemize the key tax issues Licensed professionals must know to prepare Florida Domestic and Alien Investors for the acquisition and accumulation of property.

Legitimate Trusts

Modern Trust’sMedieval Origin: “Cestui que use”

Legitimate Trusts

Contract=Trust

Organization=Trust

Legitimate Trusts

Legitimate Trusts

Express or Implied

Active vs. Passive

Liability