What if I told you that the key to discharging debt isn't found in your wallet? It's hidden inside a trust they never taught you to use. In this video, I'm going to show you how trust can be leveraged as lawful remedy, how debts can be separated from your personal liability, and how the elite use trust to protect assets and cancel obligations legally. Now, I've studied trust law, equity, and commercial remedy, and I'm here to help you see what the systems hope you never discover. Now, before we dive into this video, this is not legal advice. This is not financial advice. Do not employ these strategies if you're not willing to do your due diligence on your own. If you're a person that takes everything that I say for face value and won't do your due diligence, this is not for you. Okay? My goal here is to empower you guys, educate you guys on the concepts that are already out there. You can look everything up that I'm talking about if you take notes and do your own research. Now, before we dive into this, make sure to hit the like button, okay? Hit the like button and help the algorithm push this content out there because nobody is talking about how to properly use trust and what the purpose of the trust is as it pertains to debt discharge. Now, I've done a video on this before, okay? I may put the link in the description or I may put the link somewhere up here, but make sure you guys check out any and all information about this before you employ these strategies. Okay. Now, what we're going to be talking about is how trust is a hidden a hidden vehicle for remedy. We're going to be talking about how debt can be discharged with trust. And we're going to talk about why they don't want you using a trust. Okay. We're also going to talk about the supporting laws that back this up. So, make sure you stay all the way to the end because nobody is talking about what I'm about to talk about today. Nobody. You dig me? Now, we're going to go through this relatively quickly because I do have some business to take care of today. So, make sure you guys stick around and pay close attention. Okay? Got a lot of information to cover. Now, first things first, okay, a lot of people don't know that you can use a trust to discharge debt. Okay? Now, it's not always needed, but it does hence enhance your negotiation power as it pertains to discharging debt because if you take that debt out of your personal liability, now they have to communicate with the trust. You feel me? You take it out your personal liability. This right here can offset the debt on its own to your personal name. And now it's more an aspect of them communicating with a different entity over your straw man. Okay. Now trusts are the hidden vehicle of remedy. Okay. Trust operate in equity outside of typical legal jurisdiction. So when you think about it on an aspect of you know common law and contract law there are certain procedures judicial procedures that must be followed in order for someone to get remedy. But when it comes to equity, equity is is you know uh uh it'll when you look at just online, okay, common law equity are two distinct systems of law, both with roots in English legal history that have been integrated into many common law jurisdictions. Common law relies on precedent and judicial interpretation while equity addresses situations where the strict application of common law rules would lead to unfair and unjust outcomes providing remedies like specific performance or injunctions. So long story short, this I would say equity is more fair than just the basis of common law in the judicial proceedings because obviously you can go through the procedures on the on the judicial side but typically what happens is sometimes on on that side it's not really based on fairness or justice. It's based on how one carries out procedures. Okay? So when I think equity I think equality. Okay? And I could be wrong but again equal equity you feel me? Sometimes people think of equity as like the value of something you know uh uh but when I think equity I think more e equal and you know it's not really based on you know something monetary. Okay. Now wealthy families and banks use trust to manage risk and liability. A properly structured trust separates you from the debt personally because if you uh uh uh let's just say put your asset in the trust, okay? You now don't have liability to it or at least your person doesn't have liability to it. Okay? And your trust is a separate entity from you. You dig me? So if you don't control your assets, you don't carry the liability. That's the advantage when it comes to using your trust to negotiate debt or be able to uh communicate about your debt. Okay? Or even have ownership over the assets that create debt. Okay? And then when you start to communicate from your trust, now that communication operates under trust law and not just common law. Okay? So it has to be equity. All right? Now, here's how debt can be discharged with a trust. Okay? Now, take some take some notes here because this is this is where you know things start to get um real detailed. Number one, the key concepts is the trustee holds the legal title. Okay, who's the trustee? The trustee is the person that you will appoint as a regards to your trust. The beneficiary receives the benefit, not the burden. Okay. And debt can be assigned to the trust, not to the individual. Okay. So, here's the legal support. Trust can accept debt obligations for settlement and the use of UCCC and commercial affidavits to notify discharge. You are trained to be the debt door, but the trust was always the remedy. So, as soon as you put the debt in the trust or assign the debt to the trust, again, this this you know, it now takes you out of the question. Okay. Now, that debt collector has to communicate with your trust. Okay. And when you become the beneficiary, you can't carry the burden. Okay. So, here's why they don't want you using a trust. Trust remove your name and social security number from the liability. They don't teach this in school. Only in estate planning for the rich. This is why people spend thousands of dollars for estate planning. Okay? But the reality is you can go online and and search up how to create a trust. Okay? Banks, collectors, and courts profit when you don't separate yourself from the straw man. It's not illegal. It's just not advertised. So, I'm going to talk about some of the laws that back up the aspect of discharging debt with your trust. Okay? So, I have a couple of codes here that I want you guys to to be ready to write down. Okay. Now first things first what I want to cover is UCCC1-103 okay which is construction of uniform commercial code to promote its purpose and policies applicability of supplemental principles of law. Okay. Well, what it says is unless, and I'm just going to go straight down here, but it says unless displaced by particular provisions of the uni uniform commercial code, the principles of law and equity, including the law, merchant, and the law relative to the capacity to contract, principle, and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, or other validating or invalidating cause shall supplement its provisions. Okay. So essentially under this y law UCCc1-103, okay, this law says that the uniform commercial code doesn't cover something explicitly. The courts must fall back on or or when it doesn't cover it explicitly, the courts must fall back on common law, okay? judge made case law, equity, which is fairness, justice, and remedy outside of those rigid rules, and legal doctrines like fraud, duress, mistake, estoppel, bankruptcy protections. Okay? You can invoke equity and common law, remedy, fairness, clean hands doctrine when a commercial rule doesn't cover your situation. So for example, if a debt collector uses intimidation but the UCCC doesn't directly address emotional coercion, you can raise duress and equity as your defense under UCC1-103. So this is one of the advantages of the trust, the fact that you can use this to be able to now challenge that emotional aspect of debt collection. Okay, this is something they won't teach you in school. Okay, and these are some of the laws I haven't even covered, but the the the aspect of this makes the UCCC silent. Okay, it does. You're not just bound to the UCCC once you go and operate through a trust. Okay, the next thing I want to talk about is under 26 CFR 301.7701-4 which talks about the definitions of trust. Okay, now pointed me bringing this up, okay, cuz we all have an idea of what the trust is, but understanding what trust um are for on the tax aspect of things. Okay. So, they have ordinary trust, business trust, they have investment trusts and things in that nature. But the one that we want to focus on, especially if you're p if you're building a private irrevocable trust to discharge debt, you want to stay within section A of the ordinary trust. Okay? So you have to fully understand the definitions of of what an ordinary trust is so that you aren't making a a situation to where now you are being taxed. You dig me? And this is very key because when you um some people will go and create a business trust not knowing that they'll be taxed on their business. But man, this is some information that they will not teach you. Okay? you will have to get some type of lawyer, whatever the case may be. They're they're not even going to just tell you this simple fact and how you can literally look this up. Okay, so without me reading all of this, I'll just break down the aspect of what an ordinary trust is. Okay, an ordinary trust create is created to preserve property for beneficiaries. It's not for business or profit activities. Okay. So, and the examples are living trust, family estate trust because these can be private and often don't file tax returns unless it the income is taxable. Okay? So, this is something where you can hold your assets. All right? Any asset that you don't want to be taxed on. Understand me? Now, if you decide to create an ordinary trust or create a private trust, you do not want to do business or you cannot do business rather for profit. Okay. Then it talks about the business trust. The whole point of the business trust is created to operate a trade or a business. Looks like a company and trust form. The IRS treats these like a corporation or partnership for taxation. It's not ideal if you want privacy and protection. And I think this is so key because if you're trying to build a private trust, you want to make sure you fall under the definition of ordinary trust. Okay? So you should not conduct business directly through the trust unless you understand the tax implications. So it's key that you understand these these definitions before you decide to do things with the trust. A lot of people want to get a trust but they don't even understand the aspect of the the tax um you know conversation as it pertains to your trust. Okay. So, just to break these down, UCCC1-301-103 gives you the right to invoke equity and fairness when applying commercial laws or challenging contracts and debts. And 26 CFI 3017701-4 tells you what kind of trust to use to stay private and non-t taxable. Ideally, an ordinary trust is created to hold and manage assets, not to do business. So, make sure you guys are creating an ordinary trust. You dig me? Now the next thing I want to talk about I I really make it a point to talk about UCCC 3-603 because the point of this is essentially when you create a tender of payment and it gets refused there is discharge. Okay. Once you apply this law to any of your negotiations then it really gives you the ability to enforce an instrument that you're using to perform on a contract. So long story short, if a tender or payment of obligation to pay an instrument is made to a person to that is entitled to enforce and the instrument the instrument in the tender is refused, there's discharge. Okay, right there in your face, it says that if your tender is refused, there's discharge. So in the comment section, there are some people that'll say, "Okay, well, you know, they ignored me or they refused it or they said I couldn't do this or whatever the case may be." If they say that, then it discharges the obligation. Now there's the aspect of you know also people wanting to uh uh uh you know get money or whatever the case may be. All the concept I'm talking about is if you want to discharge debt. Okay. Now understand once you start to discharge debt and once you start to uh challenge them just know you may or may not have a good relationship with that banking institution after. But that's okay if you're trying to get rid of debt and trying to discharge debt and discharge the obligation from you so they can stop harassing you. Okay? So if you create a tender and they refuse it or ignore you or do anything then they are under dishonor and they have discharged the liability or forfeited their right to collect on a debt. Then we talk about the aspect of 15 USC 1692G. This is something I talk about all the time which is the validation of debt. you use 15USC 1692G to know exactly what to ask the debt collector for. But long story short, it just breaks down your right of being having the ability to validate debt. Okay? So again, if a company says you cannot send them a letter of validation, they are misleading you. And as a matter of fact, they are violating your rights. Okay? They are under civil liability if they try to mislead you after you send them a debt validation letter. If you send them a debt validation letter and you challenge them and you demand validation of a debt and they don't give it to you, then they are under civil liability. Okay, so it's important to know this code 15USC1692G. And then real quick, UCCC1- um 308, which is essentially the without prejudice under protest. If one says, "Okay, bet why do we put this under our, you know, signatures?" because you're literally saying, "Hey, I agree to this under the things that I do know about this contract." Okay? I don't wave my rights. Okay? You may put in this contract that I uh they unknowingly put things in the contract that waves your rights. And then when you get in a situation to where um you know you challenge them and now they say well you waved that ability to challenge or arbitration or whatever the case may be or you agreed to pay and not perform then essentially like no I literally said that I signed this with all my rights reserved. Okay. Now, don't you have to be strategic when you sign this way because a lot of times when you do this, the banks will immediately flag your your uh application and say that they can't loan you money or whatever the case may be. So, be very strategic when you use the UCCC1-308 because they will flag it. Now, if they do flag it, be ready to fight. If you decide to go this route, just know they're going to flag your account and it's a different challenge and a different argument after they flag your account. Okay? you will have to they will have to give you a valid reason of why they committed adverse action against you and obviously you'll take them through the administrative process as well. Okay, so make sure you guys understand the administrative process in case you put this down and they cancel your loan. Okay, remember once you sign that loan the the money is already released to them. So, this is what you would base that challenge off of. And I would just get well verssed in understanding the administrator process, okay, before you start to really take these concepts in full effect. Now, if you use their codes properly, you essentially win their chess board. So, it's it's key for you to to fully understand the education and the information as it pertains to comment law, the constitution, trust law, equity, and any more laws that you guys know, put it in the comment section down below and let's talk about Oh, excuse me. Damn. Let's talk about it. Put it in the comment section down below. Now, steps to begin using a trust in your remedy process. Okay. Number one, the here are the practical things that you would do. Remember this is not legal advice. This is not financial advice. Again, this is only for educational purposes only. Number one, you want to set up a irrevocable or a private trust, not a revocable living trust. Okay? When it when we talk about the aspect of creating a private trust, you have to create a declaration. Okay? So, when you name the trust, you want to make sure that you're not using your full legal name. Actually, before I dive into this, because I'm about to be telling you guys some key games that attorneys will make you pay for, you feel me? Hit the subscribe button. Okay, that's a free payment right there. Understand me? Hit the like button, too. All right. Now, here's how you're going to create your trust. Number one, you're going to create a declaration, and you're going to make sure to uh name it something that isn't your name. Okay? So, um, you know, you want to use more of a private name like the Phoenix Family Private Trust, okay? So, definitely don't use your first and last name. Don't use anything like that. All right? Be very strategic when using a name that is private. Okay? Uh, I'm thinking of a client right now that has their full name as a trust. Then, you know, I'm not saying not to do that, but be very strategic. Okay? Then you want to draft that declaration. You want to make sure you have your trust name, creation date. You want to make sure that you have the grtor. You want to make sure you have the trustee, okay, which is someone else or another entity. This is what people typically pay for. That trustee usually creates the trust for them and they become the trustee and that's why people pay thousands of dollars for someone to do it for them. Then the beneficiary can be a family member, a business or even the grtor in equity. Okay? So you can also be the grtor and you can also be the beneficiary in equity. The trust purpose whether it's asset protection, privacy, estate planning, discharging obligations and then the statement of irrevocability. The trust cannot be changed or revoked by the granter. So once you create this irrevocable trust, it can't be changed. Okay? Then you want to add a schedule A. List anything you're placing into a trust, whether it's cash, contracts, debt instruments, personal property, business interest, and this is how you'll transfer the interest into the trust. Then you want to sign and notoriize the trust. You dig me? Sign as the grantor. Have the trustee sign their acceptance and record it. And this is optional, but but record it in a private location, not the county recorder's office. After you create your private trust, then you want to go on IRS.gov, gov. Create an create a irrevocable trust for free. You can literally do it online for free. Okay. This separates the trust from your personal SSN. And then you want to use an affidavit to notify the parties that the debt has been assigned to a private irrevocable trust for settlement and discharge signed by the trustee under penalty of perjury. Okay. You can then send this with a conditional acceptance for a UCCc fil or a UCCC filing as evidence. Okay. So again, you know, these are concepts that you can easily look online, learn how to do properly and make sure that you are following um you know these processes and you fully understand how to use a trust before you create a trust. Okay? Some people will be sold into creating a trust or pay people to create a trust and they won't tell them how to use it. They'll say, "Oh, I have plenty people talk to me and say, "Well, I have a trust." But they don't even know how to use it. You get what I'm saying? Like don't create a trust if you don't know how to use it. You dig me? You don't know how to communicate. You don't know the purpose of it. You don't use a trust to fix your credit. You don't need that. That's too complex for the credit bureau. All right? You use the trust to settle debt to uh keep things private like your assets. if you have assets that you want to keep private, if you want to challenge and negotiate debt and and have debt settlement and you're going to go through the trust. Okay, remember to know how to properly structure a trust before you do that. Now, in the complete that guide, I do have a declaration template on how to create a trust. Um, so go ahead and tap into the complete debt guide if you want that that declaration of the trust. Okay. So set up that irrevocable trust, appoint a trustee and assign your liabilities. Notify the parties of the trust status via affidavit or UCCC notice and then begin transaction transacting as the trustee and not as the depth door. The moment you operate from a trust, you exit the system of fear because now what they're going to do is going to be based off of your trust. They can't essentially come after you. They can only come after the trust. Okay? And once you assign the debt to your trust, this essentially should um this essentially and I say should because this is not just going to happen right away, but this essentially should take that obligation away from the person. So if the obligation is not on you and it's in an actual trust or it was assigned to a trust, then these things should come off your credit report. These things should not be showing up as negative items on your credit report. You dig me? This is why the wealthy don't fear debt because they transfer it. They don't fight in court. They move in equity. Trust aren't just for assets. They are your legal shield. So, the whole point of understanding how to be able to use trust to discharge debt is beyond, you know, uh uh trying to get access to to extra money or whatever the case may be. That's not what it's for. Okay? This is how you can separate yourself from the negotiation process. Now, it's not needed, okay? But it is very strategic if you know how to use it. Okay? So, I would definitely suggest anybody to go and watch this video multiple times, take notes, going back to certain sections, watch that YouTube video down below where I break down how to do it. Um, this is like my second video creating how to use a trust to discharge debt. Okay? I put that link in the description when I find that video. I know it's deep in the s file. Um, you know, but again, this this this is a strategy that nobody talks about. So, if you got all the way to the end, thank you guys. Um, remember to comment the word discharge. Um, if you want to learn how to do this properly, it'll be in the complete debt guide for only 47 bucks. Okay? I'm creating a whole course of all my concepts, not only dealing from credit, but the the complete debt guy will be in included. I'll be talking about funding. I'll be talking about all different types of things. And once I create that program and course, then this value is just going to go up. Okay. If you want to download my trust discharge blueprint, if you want to be able to get sample affidavits and templates as regards to debt discharge, go ahead and tap into the complete debt guide. If you tap into the complete debt guide, you become an affiliate. Okay? And from now on, any product that you get from me, you will more than likely have an affiliate link so that you can refer other people. Okay? Number two, if you want to work with me one on-one. Okay? Now, these are concepts that I can help you with as a consultant. These are not things I'll do for you. I'm not an attorney, but I can help you understand how to use these things properly. I can sit down. I can talk with you. I could talk about how to negotiate with debts and things of that nature. Obviously, these are not things I would do for you, but more importantly, you can work with me oneonone. We're going to be focused on uh making sure your credit is in position so that you can get funding, so that you can invest in yourself and in your business. Go ahead and tap into that one-on-one uh link down below to apply. Now, remember, this is a private coaching experience where I will spend my time with you. So, I will say that there are people that come to me and they are like $2,000 in debt, you know, three, four, maybe even $5,000 in debt. And these are debts that I believe that they can pay instead of paying me. Okay? Don't pay me if you have debt that you can pay. You dig me? Unless you don't care about that debt and you prefer to pay me and you want to learn how to do this, do what you got to do. But I won't tell somebody to that has two, three, four, $5,000 in debt to pay me because my offer is probably going to be more than that depending on our conversation. So, I would tell you to take that money that you invest in me and just pay your debt, okay? Unless you truly see value in learning how to do this yourself, okay? And you're not just limited to just debt discharge. If you're just limited to debt discharge, just learn it. Just watch all my YouTube videos and learn how to do it yourself, okay? Follow me on Instagram for updates at biz.nick, updates on my YouTube channel, updates on just more consumer laws, mindset, motivation. Tap into my Instagram. That is my personal page for now. I do have three pages. So, go on that page and you'll be able to see my other pages. And my last question is, have you ever wondered why rich people don't worry about debt? Comment down below. Remember to like, subscribe, hit the bell for those post notifications. I do post Monday through Friday at 8:30 p.m. Eastern time because when you master trust, you stop playing their game. I love you guys. Comment the word discharge if you got all the way to the end. And I'll see you next time.