Unincorporated Business Organization Trust (UBO)

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Click the link below to learn about the UBOT and what it can do to protect you, your family, your business and your assets:

http://ubotrust.com/ubotwiki/tiki-index.php

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This trust is now available in instant downloadable format. Click on this link to go to the digital download version.
http://ubotrust.com/ubotwiki/tiki-index.php
This instant downloadable trust package is the same as the hardcopy version and includes all instructions and forms to create and manage your UBOT. It is instantly downloadable in .doc format so almost any editing program can open it and allow you to fill in the blanks with your own information. Create your own UBOT in minutes:
1. Purchase the UBOT package.
2. Fill in the blanks with your favorite editing program.
3. Print it out and sign.
4. Notarize the signatures.
You're done and your assets are now protected!

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What is a trust? In the simplest terms it is this: If I hand you my coat and ask you to hold it until I ask for it back we have just created a trust. The coat is the body, asset or corpus of the trust. I am the trust creator and grantor of the asset to the trust. I am also the beneficiary. You are the trustee. It is common sense you know what to do with the coat and what NOT to do with the coat and trustee behaviour is defined and protected by law. So if you lose or damage the coat you pay. You are also required to protect it and do as the trust instructions dictate: give it back when I ask for it.

What is a Massachusetts Business Trust?

In Hecht v. Malley, 265 U.S. 144 (1924), this Court described the Massachusetts business trust in terms that have [446 U.S. 458, 468]   come to be accepted as the classic definition, see 16A R. Eickhoff, Fletcher Cyclopedia of the Law of Private Corporations 8228 (1979):

• "The `Massachusetts Trust' is a form of business organization, common in that State, consisting essentially of an arrangement whereby property is conveyed to trustees, in accordance with the terms of an instrument of trust, to be held and managed for the benefit of such persons as may from time to time be the holders of transferable certificates issued by the trustees showing the shares into which the beneficial interest in the property is divided. These certificates, which resemble certificates for shares of stock in a corporation and are issued and transferred in like manner, entitle the holders to share ratably in the income of the property, and, upon termination of the trust, in the proceeds.

• "Under the Massachusetts decisions these trust instruments are held to create either pure trusts or partnerships, according to the way in which the trustees are to conduct the affairs committed to their charge. If they are the principals and are free from the control of the certificate holders in the management of the property, a trust is created; but if the certificate holders are associated together in the control of the property as principals and the trustees are merely their managing agents, a partnership relation between the certificate holders is created. Williams v. Milton, 215 Mass. 1, 6; Frost v. Thompson, 219 Mass. 360, 365; Dana v. Treasurer, 227 Mass. 562, 565; Priestley v. Treasurer, 230 Mass. 452, 455.

• "These trusts - whether pure trusts or partnerships - are unincorporated. They are not organized under any statute; and they derive no power, benefit or privilege from any statute. The Massachusetts statutes, however, recognize their existence and impose upon them, as [446 U.S. 458, 469]   `associations,' certain obligations and liabilities." (Footnotes omitted.) 3   265 U.S., at 146 -147.

http://caselaw.lp.findlaw.com/scripts/g ... 6/458.html