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Breaking Free: How to Escape the Public Trust System
Manage episode 505843086 series 3519799
Step into the hidden world of private banking as we pull back the curtain on how wealthy families truly protect and grow their assets. This eye-opening conversation reveals the fundamental truth that "you can never own anything in America" – and what you can do about it.
Discover why making your name a business through LLCs and holding companies creates a protective barrier between your assets and potential threats. We explore the five charging order protection states (Nevada, Wyoming, Delaware, South Dakota, and Alaska) and why they're crucial for proper asset structuring.
The conversation takes a fascinating turn when we uncover how Research and Development tax credits allow businesses to recover up to $500,000 per year – a strategy most tax professionals never mention. You'll learn about forms 6765, 8974, and 941, and how to leverage them properly.
Ministry trusts and 508(c)(1)(a) organizations emerge as the cornerstone of private family wealth, offering both tax advantages and independence unlike their 501(c)(3) counterparts. We discuss how family Bibles and baptismal certificates can serve as legitimate identification, and why Social Security numbers represent a public trust system rather than a path to financial freedom.
International banking strategies reveal how establishing accounts in countries like Palau, Georgia, Russia, or Ukraine can provide legitimate alternatives without U.S. identification requirements. We also cover the legal foundations for these strategies, including 28 CFR 802.23, which protects your right to privacy.
Whether you're looking to protect existing assets or build generational wealth from scratch, this episode provides the framework for thinking and operating like the private families who have preserved wealth for centuries. It's not about evading responsibilities – it's about understanding the difference between public and private relationships and making informed choices for your financial future.
FOLLOW THE YELLOW BRICK ROAD - DON KILAM
GO GET HIS BOOK ON AMAZON NOW!
https://www.amazon.com/Cant-Touch-This-Diplomatic-Immunity/dp/B09X1FXMNQ
https://open.spotify.com/track/5QOUWyNahqcWvQ4WQAvwjj?autoplay=true
Chapters
1. Episode Introduction (00:00:00)
2. Making Your Name a Business Entity (00:18:54)
3. Tax Credits and R&D Deductions (00:55:47)
4. The Power of Ministry Trusts (01:20:07)
5. Creating Family Legacy Through Trusts (01:40:57)
6. Private Banking and International Strategies (02:07:19)
7. Legal Rights to Privacy (02:58:08)
8. Final Thoughts and Resources (03:50:39)
102 episodes
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