Mid-Atlantic

The "Pure Trust" is a Common-Law Contract in Trust Form. The  Pure Trust is a contract at common-law in equity created in trust form. Unlike  the Trust, the PTO receives the assets by exchange, meaning there is a full and  adequate exchange for the assets. In other words each party gives something and  receives something in return, and the agreement has a stipulated duty to  perform that all parties must adhere to. This is the contract form. In  addition, unlike the trust, the contract has an expiration date, not to violate  the law of perpetuities, which is a prerequisite for contracts. This is also  contract form. The Exchanger exchanges the assets to the Trust for Trust  Certificate Units (TCU's). The Creator appoints at least two Trustees to  manage the trust. The Trustees can appoint a General Manager to oversee  the day-to-day business activities of the Trust. The Exchanger has no control  over the Trustees, the business of the Trust or the income stream. The  Trustees are in total control and the Exchanger has no reversionary interest in  the Trust. There are no beneficiaries. The Exchanger is a certificate  holder holding the TCU's in the Trust, similar to stock in a corporation, but  has no management ability and no say in the operation of the Trust. Therefore the Certificate Holder and the Trustees are not associates. This  entity has the substance of contract and the form of Trust.

The important components that make the "Pure Trust" work and not allow it to be set aside by a court are:

1. The assets are "exchanged" to a Pure Trust  not transferred like statutory trusts.
2. The "Exchanger" who is also the "Certificate Holder" has no control over the entity.
3. The "Certificate Holders" are not associates of the Trustees.
4. The "Certificate Holders" have no say in the management of the trust and cannot ask for partition, and have no reversionay interest in the entity.
5. The Pure Trust is a contract and adheres to contract law. 

Trusts (statutory) have a title split, meaning when you transfer assets to the trust, you retain legal title and the trust receives beneficial title, the courts will not allow you to just give away your assets to escape liability unless you do it as a complete gift under IRS regulation. And then you can only gift the trust $10,000 per year. Therefore the only benefit with these trusts is, you can escape probate, but you will still be liable for the estate tax. These trusts have no income tax benefits and not much creditor protection except for the speendthrift clause.

With the Pure Trust (PTO) because you are not transferring assets but exchanging them to the trust, there is no title split, the trust owns both legal and beneficial title. Therefore, the assets in the PTO are not owned by you. No one, not even the government can attach them for anything you do or owe. 

John D. Rockefeller was once quoted as saying "I don't wnat to own anything in America, I just want to control it all". The Rockefeller family is reported to operate through about 240 Pure Trusts.

Joseph P. Kennedy purchaed the Chicago Mercdhandise mart and exchanged each floor to a separate PTO. And the compound in Mass. owned by a PTO.

Former Presidents Johnson, Nixon, Carter, Reagon, Bush, and Clinton, are just a few heads of state that we now used the Pure Trust.