The Ruth Harmison Foundation: Free Monthly Trust Giveaway
The Ruth Harmison Foundation is dedicated to honoring the legacy of Ruth Harmison by giving back to the community. Each month, we provide one free trust to a deserving individual or family. This initiative is designed to help preserve generational wealth and provide specialized trust solutions tailored to individual needs.
Submission Process
Individuals interested in participating can submit a detailed application form. The application should include the following:
1. Type of Trust Requested:
Applicants must specify the trust type they are seeking. Options include:
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Non-Grantor Vortex Dynasty Trust: Designed for long-term wealth preservation and asset protection.
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Pet/Animal Trust: Tailored for ensuring the care and wellbeing of beloved pets or animals.
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Gun/Arms Trust: A specialized trust for firearms, ensuring compliance with legal regulations and facilitating smooth inheritance.
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Special Needs Trust: Created to support individuals with disabilities by protecting assets while maintaining eligibility for government benefits.
2. Benefit Explanation:
Provide a clear explanation of how and why the requested trust will benefit you. Include details about your current circumstances and how the trust aligns with your goals.
Transfer of Assets Into the Trust
Transferring assets like property into the trust itself is typically not a taxable event if done properly, such as through a quitclaim deed. However:
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Capital gains tax may apply if the transfer involves a sale of property to the trust at a value different from its original basis.
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Ensure the transfer is structured as a private sale or contribution to the trust to avoid unnecessary taxation.
Asset Sales Within the Trust
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Prevents the beneficiary from mismanaging large sums of money.
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Offers protection against potential exploitation from others, as the trustee controls disbursements.
Selection Criteria
Winners will be selected once a month based on:
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The clarity and completeness of their application.
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Demonstrated need and potential impact of the trust.
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Alignment with the Foundation’s mission to preserve generational wealth and provide security.
What’s Included
The monthly giveaway includes:
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A fully customized Trust Declaration tailored to the selected type of trust.
Important Notes
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This giveaway does not include CPA services, trustee services, or notary services.
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Winners will be responsible for arranging these services independently.
The Ruth Harmison Foundation is committed to creating a lasting impact by helping individuals secure their financial futures and achieve peace of mind. We look forward to reviewing your submissions and helping you take this important step toward security and prosperity.
Submit Your Application Today!
