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The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

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Sunday, July 2, 2017

"Exchanging and Managing Multiple Trusts?" by Beneficiary Protector - 7.2.17

Entry Submitted by Beneficiary Protector at 4:30 AM EDT on July 2, 2017

It has been my experience over these 17+ years, that no one ever speaks of having more than one responsibility.

What if one is the manager of multiple trusts, each with separate currencies and different established charitable FEINs.

Each only has one manager, me. I can't have anything in my personal name or #.

Banks go out of business all the time, Ipersonally watched Ohio suffer, so rather than have all currency unsafe while in only one bank's basket, where if one bank goes down and takes it all, it's all gone... that's no good.

So, it was decided that the best plan at this point in order to best protect the beneficiary assets would be to open a separate exchange account at a different bank for EACH trust. BUT.... (I was planning on going to a few banks,) but now if ONLY HSBC is exchanging Zim, then now I don't know what to do. The highest rates is what each of these big plans trusts deserve.

1. Do I call the entry 800# only once and explain I manage several of these these different legal person entities' accounts, and ask what to do in the one first call?

2. If I hear at any point, "sorry, only one exchange per person" I know they do not understand the legal definition of "person", so then what?

3. Will the operator be able to understand none of it is my personal money, that I am only the separate manager and not owner of each, and funds cannot be co-mingled? And/Or do I get sent to the end for being "complicated?"

Or,

4. Do I call the entry 800# multiple times, one time for EACH trust, using each trust's own FEIN to get a second number for each trust to make a separate HSBC appointment with?

This means getting multiple secondary individual 800 numbers and setting appointments for each while using the separate different tax number for each charity.

5. What about when they see me at the same location more than once, won't they say what are you doing and stop me? Then what?

6. Didn't they forsee this type of same single manager non-owner for multiple entity situations? Kissinger was a director on about 13 companies.

I would sincerely like an answer from someone with ACTUAL experience and answers, thanks, but no well-meaning opinions please, it's complicated enough already.

Thank you, Beneficiary Protector.

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