Preview – Trust Class

Crypto Jay’s Trust Class – 2 hours 53 mins – $487.00     

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Summary for 1st Hour

The Bitcoin Academy’s Trust Class, hosted by Jay, discussed a range of topics including trusts, Bitcoin, cryptocurrencies, and tax regulations. Jay initiated the class by assuring participants that they would receive a copy of their personal trust by email after the session. He also showcased the documents that would be included in their trust portfolio.

Jay outlined his insights about the future of cryptocurrencies, forecasting that Bitcoin, Bitcoin Cash, and Ethereum would be the leading coins. He predicted the disappearance of fiat money and the total adoption of cryptocurrencies by 2040-45. He encouraged attendees not to resist this transition, but to use it as an opportunity to generate significant wealth.

Jay also mentioned the creation of Bitcoin and Bitcoin Cash, attributing these developments to Asian influence, which he argued is significantly shaping the world economy. Jay asserted that Asia is set to become the next global superpower, backed by his observation of significant billionaire investments in the region.

Additionally, Jay highlighted the tax advantages of having a trust and detailed personal experiences to illustrate these benefits. He discussed his approach to dealing with the IRS, suggesting that the organization doesn’t have the capacity or permission to scrutinize every individual’s financial transactions. He proposed a strategy for spreading income across several banks to avoid immediate taxation and suggested regular changes to corporate names to evade IRS scrutiny. He emphasized the benefits of having a trust and assured participants they’d be guided through the process of creating their own.

Jay concluded the session with his predictions about Bitcoin’s disruptive potential, suggesting that it could ultimately replace lawyers and banks, leading to significant societal changes.

Summary for 2nd Hour

The second hour of “Trust Class” at The Bitcoin Academy provided a comprehensive review of trust fund logistics and privacy aspects, with a particular focus on cryptocurrency. The speaker, Jay, emphasized the importance of getting creative with the setup of a trust, including the ability to stipulate conditions for beneficiaries. He proposed using trusts to ensure smooth inheritance of assets, such as cars, without bureaucratic complications.

Jay also discussed the strategic use of cryptocurrency in trusts and the significance of timing in buying and selling crypto. He underlined that auditing activities are not monitored continuously; hence, it is up to individuals to be vigilant about their records. Jay recommended setting up an LLC and a trust with the same name, which, combined with the non-public nature of trust documents, can add to privacy.

Jay further explicated on his own practices in dividing assets into separate trusts, advising not to put all assets into a single trust to avoid a complete breach. He discussed the advantages of having a trust when opening a bank account and outlined some techniques to manage a high amount of money. Jay concluded by emphasizing the absolute control a person can exercise over their trust, and reminding participants to be proactive about their privacy, especially concerning cryptocurrency.

Summary for 3rd Hour

Jay, the speaker from the Bitcoin Academy’s “Trust Class”, shared his insights on trusts, privacy, and asset protection during the third hour of the session. His main point was that a trustee must share their social security number, but this does not impact taxes and is merely to identify the point of contact for the trust.

He highlighted the changing attitudes of banks towards trust-related documentation. Jay emphasized that a blue ink thumbprint could act as a more private version of notarization. On the topic of beneficiary assignments, he admitted that he had not set another trust as a beneficiary, but rather uses his own ‘broaddus’ (brother). He clarified that his wife is the successor trustee and he is the successor beneficiary, ensuring that both ends are covered.

Jay also discussed privacy concerns related to the names of trustees being publicly available, sharing that while trustee names are accessible if the trust name is known, the names of the people within the trust remain private. He explained that trust-related interactions with banks, emphasizing privacy, and reiterated that the bank account in question should be under the name of the trust.

Jay concluded by discussing the process of obtaining an EIN number and mentioned the ability to set any preferred address when obtaining this number. He warned against storing valuable assets in safety deposit boxes due to their vulnerability and closed by noting the flexibility and privacy provided by trusts.

13 thoughts on “Preview – Trust Class

  1. Very informative. Well worth the money

  2. The information in this Trust class is rare. If you have ever wondered how the elite stay rich, then you need to learn how to use your own Trusts. I have really financially benefitted from this Trust class. The biggest surprise to me is the fact that I can set up a TRUST without a Lawyer. In essence, the Trust class pays for itself because you get to set up multiple trusts at the end. I also learnt about Trustees, Beneficiaries, Successor Beneficiaries and how to retain full control over your wealth. A truly remarkable education from a coach who has ‘the fruit on the tree’ and leads by example.

  3. My advice to anyone just starting or even with experience in the crypto world: don’t make a move until you go thru these videos.

    Jay’s down-to-earth, truthful style of teaching comes from over 20 years in the investment world, but the best part? You learn how to master yourself before you can ever hope to master crypto. (That will make more sense later – trust me.

    Jay has become my coach and I trust him. I gave up chasing the next YouTube “guru” and shiny-object-syndrome. Why? Because Jay is right 80%+ and he is a no-hype, straight to the point kind of guy. His values resonate with mine, and I just flat out trust him.

    He does NOT have to do this, and for the pittance he asks for the fee – ARE YOU KIDDING ME?? He does this out of his genuine heart to help others become free. PERIOD.

    Thanks once again Jay for all you do.

  4. This class offers a very rare opportunity to learn how to stay rich – and take control your life and any related wealth with the use of a trust.
    More life changing information – highly recommended and level 5 throughout

  5. This information and documents to create a trust will save me so much $ and headache down the road. To know that I can easily transfer assets (that I own outright) takes a weight off. Along with my expected cryptos windfall, have my crypto accounts set up with my trust and matching back accounts will save me a lot of heartache in the future.

    Not only does Jay gives us the documents, but he gives so much of his insight and experience that he earned living life. Without crypto, this course would be still be valuable, but anyone in crypto this is invaluable.

  6. I believe this is the best class so far but they are all great. So many things in these classes have opened my mind up to greater and greater possibilities. I’m very grateful to be a part of this.

  7. We were a few months away from spending $6K with an attorney to set up family trusts when Jay offered this class. I must say, this was an outstanding education as well as a step by step guide on how to set up your own trust. We have now implemented this knowledge and will continue to use it as we finish setting up the building blocks of our family legacy. Thank you Jay for your over the top effort and I commend you on another high quality product.

  8. This class is a must. It is empowering. I wish I had the knowledge years ago. Well presented with everything you need. Very well done.

  9. We were never taught to manage our finances this way. Wow! What a class.
    So much information throughout all of his educational videos.
    Buckle in, it’s been life changing for me.
    Can’t thank you and Mrs NEO enough

  10. The Trust course was easy to understand and there were some sample forms that I can use them right away. Now I know what to do to protect and manage assets wisely with confidence. It helped me saving tremendous amount of time by just watching videos, instead of reading lots of complicated Trust books. Thank you, Jay!

  11. Invaluable! Well worth the money invested. So much more will be saved through this process. Highly recommended!!! Thank you Jay for your dedication, diligence , and honesty! First class!!

  12. Excellent course!

    I listened to it 3 times, then I created my 1st trust.

    Went to AAA to have documents notarized, and witnessed.

    Emailed documents to bank, they sent to their legal department for review.

    Legal said, “all good”.

    Went to bank next day to sign paperwork.

    Now opening another trust for use at C&B.

    Then will be moving vehicles into each of their own trusts.

    Thank you Jay!

    PS: I listened to the course 2 more times and will be doing again, and again.

    I also will be getting the trust book that Jay recommended in course.

  13. Excellent trust course and worth its value.
    I’m based in Australia and its still applicable for us Aussies. Simply filled out the trust forms at home and opened a bank account with a top 4 bank, then a Trust account with Caleb and Brown.

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