Heritage Legacy Trust – The Irrevocable, Non-Grantor, Complex, Discretionary Trust with Spendthrift Provisions
The Standard Against Which Other Trusts Are Measured!
To the non-lawyer type, that title alone can be a little intimidating! Simply put, the Heritage Legacy Trust has you covered on all sides, and at every turn! The Heritage Legacy Trust was the first copyrighted Trust in America. It has been, and will remain the Trust against which all other Trusts are measured! Yes, Heritage Legacy Trust is a benchmark, and will remain that for many years to come. Further down on this page, we have more information about the history of the Heritage Legacy Trust but it’s important that you also know how it can benefit you and your family, and/or your organization.
Heritage Legacy Trust can help you avoid or defer taxation on Trust income.
Heritage Legacy Trust is Irrevocable – this means that assets cannot be attached by the courts. Liability insurance for Trust assets becomes redundant
If used correctly, Heritage Legacy Trust protects Beneficiaries, Trustees and Settlors so as to help manage tax liabilities.
Heritage Legacy Trust is IRC Section 643 compliant which means that the Trust does not pay short term or long term capital gains or income taxes. Income must be added to the original corpus (original capital) of the Trust. This defers Taxation until taken out of the Trust.
Heritage Legacy Trust can help avoid IRS 1031 Exchange restrictions, thus freeing up many aspects of real estate investment
Heritage Legacy Trust can own any legal assets, anywhere in the world for the benefit of the Beneficiaries of the Trust.
Trustees have no restrictions on what to give Beneficiaries or when they have to give them something.
Trustees can, at their option either hold Trust assets in the name of the Trust or in their own name, for the Trust.