Purpose Trust

A trust created for a specific, plausible and reasonable purpose, it does not name any individual as a predetermined beneficiary. By holding assets in a purpose trust, a company or individual avoids classification as the owner of the trust assets. A purpose trust can be used for:

• permitting avoidance of regulatory restrictions
• removing voting control of stock from a company or individual
• facilitating a loan by sequestering assets
• obtaining freedom from liability when undertaking hazardous activities