Sadly, asset protection planning has brought several scammers. This section has articles that tackle illegal trusts which include abusive trusts, pure trusts, charitable trusts, and equipment trusts. These articles thoroughly describe how these trusts are set up and, just as quickly, brought down by courts of law.
• Abusive trusts: Someone will have to pay the taxes!
• Pure trust scams
• IRS targets five illegal trusts
• Constitutional trusts and pure trust scams
• Legal principles that is applicable to trusts
• IRS cracking down on trust scammers
• Abusive trust arrangements
You can always visit our website for further updates regarding Traps and Scams issues.