New evidence demonstrates that US Bank is not a trustee even though it is named as Trustee in some trusts and otherwise “acquired the trust business” from Bank of America and others. Livinglies founder Neil Garfield, California Attorney Charles Marshall, and Investigator Bill Paatalo discuss the US Bank as Trustee scam: A Trustee without powers or duties is no trustee. Disclaimer of fiduciary duties denotes non acceptance of being the Trustee of the Trust. Acquiring the trust business is a euphemism for the continuation of the musical chair business that is well known in subservicers. Being the trustee is NOT a marketable commodity without amendment to the Trust document. Hence if a Trustee is named and has no power or duties, and which then “sells” its “trust business” to US Bank the “transfer” trust responsibility is void but damnum absque injuria. BOTTOM LINE: A trust without a trustee holding fiduciary duties and actual powers over trust assets is no trust at all. This signals corroboration for what is now well known in the public domain: the REMIC trustee has no powers or duties because there is no trust and there are no trust assets. Investigator Bill Paatalo can be reached at: Office: 406-328-4075 email: bill.bpia@gmail.com http://bpinvestigativeagency.com
