Common Law Trust — Should You Use It. Jake Claver, recorded November 2025.
What this recording covers
Claver addresses whether individuals should use common law trusts for wealth and estate planning. He states that his firm refuses to use common law trusts, warning that attempts to eliminate tax obligations through such entities are illegitimate. Claver explains that common law trust arrangements do not withstand legal scrutiny in court and expose participants to severe legal consequences, including audits and criminal penalties for tax evasion. He emphasizes that compliant wealth planning relies instead on recognized statutory structures established under state laws. He points to established legal vehicles such as asset protection trusts, dynasty trusts, spendthrift trusts, and charitable remainder trusts as legitimate methods to manage wealth and reduce tax liabilities within established statutory frameworks. Claver emphasizes that utilizing proper legal tools allows individuals to protect assets compliantly without resorting to fraudulent tax avoidance schemes.
Where this fits
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