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    SocSecTrust 1

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    NETER432
    This document establishes a trust for the benefit of the Social Security Administration. It names John Dee Doe as the trustee and conveys John's social security number and identification card to the trust. The trustee has full discretion to invest and manage trust assets, open bank accounts, pay taxes, hire outside help, and acquire and hold assets in the name of the trust or trustee. Upon creation, the trust becomes irrevocable. The trustee may distribute income to the Social Security Administration and receive reasonable compensation.

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    © All Rights Reserved
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    SocSecTrust 1

    Uploaded by

    NETER432
    1K views4 pages
    This document establishes a trust for the benefit of the Social Security Administration. It names John Dee Doe as the trustee and conveys John's social security number and identification card to the trust. The trustee has full discretion to invest and manage trust assets, open bank accounts, pay taxes, hire outside help, and acquire and hold assets in the name of the trust or trustee. Upon creation, the trust becomes irrevocable. The trustee may distribute income to the Social Security Administration and receive reasonable compensation.

    Original Description:

    SocSecTrust-1

    Original Title

    SocSecTrust-1

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    This document establishes a trust for the benefit of the Social Security Administration. It names John Dee Doe as the trustee and conveys John's social security number and identification card to the trust. The trustee has full discretion to invest and manage trust assets, open bank accounts, pay taxes, hire outside help, and acquire and hold assets in the name of the trust or trustee. Upon creation, the trust becomes irrevocable. The trustee may distribute income to the Social Security Administration and receive reasonable compensation.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    1K views4 pages

    SocSecTrust 1

    Uploaded by

    NETER432
    This document establishes a trust for the benefit of the Social Security Administration. It names John Dee Doe as the trustee and conveys John's social security number and identification card to the trust. The trustee has full discretion to invest and manage trust assets, open bank accounts, pay taxes, hire outside help, and acquire and hold assets in the name of the trust or trustee. Upon creation, the trust becomes irrevocable. The trustee may distribute income to the Social Security Administration and receive reasonable compensation.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
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    The key takeaways are that this document establishes an irrevocable trust using a social security number. The purpose is to hold and manage assets for the benefit of the Social Security Administration general trust fund.

    The purpose of this trust is to hold and manage assets for the benefit of the Social Security Administration general trust fund, as defined in the Social Security Act of 1935.

    Anyone may donate assets to this trust, and anyone may sell assets to this trust. Sellers who have the right of first refusal under a Buy/Sell Agreement may exercise their rights at any time the trust remains in operation.

    SIMPLE SOCIAL SECURITY TRUST

    [TRUST INDENTURE]
    Registered mail # RA 00 000 000
    ered mail reciept -- (a return reciept also required)
    Dated: Month Year (of your birth)
    TRUST AGREEMENT BETWEEEN:
    Creator; Social Security Administration (mail original to this address and 2 copies to Richard)
    c/o Office of Central Records Operation 300 N. Greene 8t
    Baltimore, Maryland
    and
    Trust: JOHN DEE DOE
    616 S. JEFFERSON
    TULSA, KANSAS 00000
    Trustee: John Dee Doe

    The Creator hereby conveys, assigns, transfers, and delivers to the Trustee the Social Security
    Identification Card and any such other assets and/or property as now and in the future may be of
    interest to the Trust as a matter of right according to the "Social Security Act of 1935" [all
    relevant parts of which are made a part hereof by reference], the receipt of which the Trustee
    hereby acknowledges, to have and to hold the said assets and/or property, hereinafter called the
    Trust Estate, unto the Trustee in trust for the purposes and terms as set forth below.
    Beneficiary:
    General

    This Trust is established for the benefit of the Social Security Administration
    Trust Fund, as defined in the Social Security Act of 1935.

    INVESTMENT-MANAGEMENT: The Trustee, or its General Manager or assigns, shall store,


    invest, and reinvest the Trust Estate in its discretion, without regard for any law prescribing or
    limiting the investment powers off fiduciaries, in any security, and not be limited to Contracts,
    Stocks, Commodities, Precious Metals, Mutual Funds, Real Estate, Bank CD's and L/C's,
    Warehouse and Elevator Receipts, Stamps, Waybills, Options, Commercial Paper, Accounts
    Receivable, Royalty and Limited Partnership Interests, Copyrights, Patents, Bequests
    Anticipated, etc.
    PURCHASE AND SALE OF SECURITIES: Capital assets and securities may be purchased,
    even on the installment sales basis at the Trustee's discretion. Commercial paper securities may
    be sold at any price, i.e., at, above or below cost at the sole discretion of the Trustee or its assigns.
    Investments may be hypothecated and loaned out, and monies etc. can be borrowed.

    BANKING: Regular checking, saving, thrift and other saving accounts may be opened,
    maintained, and closed at the discretion of the Trustee or its assigns. The Trustee or its assigns
    may appoint third party bookkeepers to manage, deposit, and withdraw from said accounts.
    FORMATION AND PROTECTION: This Trust is formed under English Common Law.
    LEGAL STATUS AND VALIDITY: The validity of this Trust is existent and subject only to the
    courts of its Situs.
    DONORS AND SELLERS: Anyone may donate assets to this Trust, and anyone may sell assets
    to the Trust. Sellers who have the right of first refusal under a Buy/Sell Agreement may exercise
    their rights at any time the Trust remains in operation or as long as the Trust's Successor remains
    in operation.
    DISTRIBUTION AND TERMINATION: The Trustee or its assigns shall hold in Trust for, or
    distribute, all net income to the Beneficiary, or on its behalf, for the duration of this agreement as
    are needful according to terms and conditions of the said "Social Security Act of 1935. Any net
    income above and/or beyond that which is needful to support the terms of said Act may be
    distributed to A Reasonable Wage for the Trustee as need may arise. After its creation this Trust is
    irrevocable.
    LAW SUITS: This Trust shall settle, compromise, pursue, and/or oppose law suits, fines, liens,
    levies, assessments, purported claims for debts, restrictions, libel, etc., by both public and private
    parties and agencies. The Trustee shall have full authority to speak for the Trust in all legal
    matters and places.
    TAXES: The Trustee is to pay all properly due taxes and to file all properly due tax returns. This
    Trust shall be properly operated as a "Simple Trust" and distributes all net income to its legal
    Beneficiary.
    TRUSTEE WAGES: The Trust shall pay the Trustee "A Reasonable Wage", which is defined as:
    payment of all of Trustee's expenses, including but not limited to, all living expenses. Trustee
    wages may additionally be provided as stated in the DISTRIBUTION AND TERMINATION
    section above.
    OUTSIDE HELP AND ADVICE: The Trustee or its assigns may utilize outside consultants,
    brokers, agents, attorneys, accountants, appraisers, custodians, employees, independent
    contractors, and pay them compensation as the Trustee may deem advisable.
    BONDS AND FEES: The Trustee or its assigns may transfer, assigns, mortgage, apply and
    remove liens on property, perfect title, and furnish copies of bills of sale, deeds, trust indentures,
    corporate charters, resolutions, and such other legal paperwork as may be necessary to effect
    legal change of ownership of real estate property, etc. Trustee may serve without Bond or Fees.
    OWNERSHIP TITLE: Title to assets may be held in the name of this Trust, in the names of the

    Trustee or its assigns, in street name, or in bearer name. This Trust was created with a name that
    sounds exactly like the name of the person the Creator placed in the capacity of Trustee to
    facilitate its ability to acquire and hold assets. Any monies received by an agent-nominee for and
    on behalf of this Trust shall not be considered to have been constructively received by said agentnominee, but shall accrue solely for the benefit and legal ownership of this Trust. Any ownership
    and/or possession of assets and/or property held for the Trust as described herein shall not
    constitute a common ownership interest unless such a common ownership interest is specifically
    described in the title documents for the acquisition or ownership of the assets and/or property so
    held.
    SOCIAL SECURITY NUMBER; The Creator assigned an account number, commonly known as
    the "Social Security Number", to identify donations from this Trust to the Social Security
    Administration General Trust Fund in accord with said "Social Security Act of 1935". Where the
    names of the Trust and the person acting as Trustee are so similar as to sound identical and are
    only distinguishable by capitalization in spelling, the Social Security Number so assigned must
    be used to designate: tax payments, ownership and/or acquisition of assets, accounts and/or
    property held separately by the Trust.
    TRUSTEE RESIGNATION OR DEPARTURE: Should the Trustee resign, cease to exist, or
    depart for any reason, the successor Trustee shall be as per schedule A of this agreement.
    IRREVOCABLE: This Trust is irrevocable and cannot be changed, revoked, or terminated or
    even blocked by the Creator, Trustee, or Beneficiary. No other parties are legally associated.

    IN WITNESS WHEREOF, said Creator and Trustee have hereunto set their respective hands and
    Seals.
    Social Security Administration
    (CREATOR)

    JOHN DEE DOE


    (TRUSTEE)

    BY: Acts of issuing the SSA#, 000-00-0000


    Distributing the Social Security Identification Card,
    And holding an open account under said SSA number

    BY: signature and acceptance

    Social Security Administration


    Creator
    Thumb Print: use red ink pad

    (sign) By: John Dee: Doe


    John Dee Doe, Trustee

    Done now Month Day Year and nunc pro tunc on the date of the Trust's creation in Month Year
    (your birth)
    Taxpayer Identification Number: [000-00-0000]. (your SS#)

    Subscribed and sworn before me this

    day of month year

    County of
    State of
    ____________________________ Seal:
    Notary
    Public

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