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URL:  http://boards.fool.com/this-continuing-personal-asset-trustsm-or-30512777.aspx

Subject:  Re: Need tax consequences advice please Date:  1/29/2013  11:11 AM
Author:  TMFPMarti Number:  117578 of 121265

This continuing “Personal Asset TrustSM” (or “PAT”) can be controlled by each beneficiary in such a manner as to virtually give him or her all of the same rights as ownership, without the liability exposures ownership brings. [emphasis added]

Hmmm. I wonder what kind of exposure the seller (I noticed the Service Mark, so I assume this is some sort of proprietary product) is talking about. In my salad days it would have taken me less than 5 minutes to pop this one under alter ego theory to collect a tax liability. I would hope that less powerful creditors would also be able to reach the assets.

Back to OP, it beats the heck out of me what you're dealing with for tax purposes. Follow Peter's advice.

Phil
Rule Your Retirement Home Fool
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