Entry Submitted by Bill at 12:19 AM EDT on April 25, 2017
"ZIM Exchange Process and 800#'s" - One Who Knows - 4.24.17
This from a member of a trust management group.
Up until this publication we had been assured by “experts” on conference calls that as trustees with multiple trusts to manage that we –up to three persons/trustees - could come in as a group and take care of business.
Trustees of Trusts are now in a bind.
Read this very carefully. It is of grave importance.
See #2) below This is the 4th time I have seen /heard this and on this point it has been consistent.
If I understand this, and it has been repeated to me over the phone by various connections, it means that YOU will have to exchange your Zim in person yourself.
The penalty for mixing numbers – so that anyone else attempting to use YOUR number or you using your number for someone else – will result in both being terminated from the process permanently and your Zim will be just so much wall paper as well as mine.
I am not willing to risk that. Are you? Who would?
The matter has too grave a consequence to mess up at this stage. Therefore, if clarifications cannot be assured that I or anyone can proceed as Trustee without a draconian outcome I must respectfully tell you that it will be up to each of us to handle our own affairs – some may have had an early word of wisdom and have already shed themselves of this responsibility. BUT there are situations (minors and incompetent persons due to illness or dementia, etc.) that a Trustee must act for others.
Now it has been explained elsewhere * that after I exchange I could accompany you or someone else. But that is not in writing so far as I can find. *http://inteldinarchronicles.blogspot.com/2017/04/gary-larrabee-800-number-procedures-by.html
Also since I am almost certain that I will be under a strict NDA I may not even be able to give hints to you nor divulge anything of the process to you. This is going to make being a Trustee for various entities/Trusts difficult, if not impossible.
I/we are hoping an accommodation can be made but if not … then we must be prepared. The Trusts that we currently are trustees on must be made aware of this and they best get their own trustees ASAP. The annual fee or any fees for being a trustee for anyone is simply not worth the risk on this point.
I suspect the motive for this is that “they” wish to tract the monies through forty (40) transactions and that hiding behind a trust will not be allowed.
It may be that each living person must exchange in person into a trust either already existing or into a skeleton trust until an asset protection structure can be constructed. Then and only then can personal privacy be protected because “they” will know you by the “alias” of the trust and can track movements from then on.
OR is it possible that as a trustee a separate appointment can be made for each Trust? Requiring multiple appointments to protect the Beneficiaries?
These questions and concerns must be addressed BEFORE any group appointment is made.
And if NOT, what will we do? How can the Beneficiaries be protected? How can Trustees function?