Frequently Asked Questions

Overview of the Trust Services Provided by Prime Trust, LLC
("Prime Trust" or the "Trustee")

Prime Trust offers trustee and fiduciary services related to creating and managing assets in irrevocable asset protection trusts (each, a “Trust”) that are created by settlors (each, a “Grantor”) on behalf of specified beneficiaries (each, a “Beneficiary”), as well as custodial accounts, escrows, retirement accounts, revocable trusts and other services which a trust company may offer by regulation.

A Trust is designed to help grantors save on behalf of Beneficiaries, protect that savings, and manage how the savings are used.

Trust cash assets will generally either be held in FDIC-insured cash or be placed into various common trust funds (the “Portfolios”) that are maintained by Prime Trust, in its capacity as Trustee, exclusively for the collective investment and reinvestment of Trust assets. The Portfolios will hold assets that are generally designed to protect the assets of the Trusts and achieve long-term market-based returns. Additional information on the Portfolios is provided here.

No. The Portfolios are undivided interests in the aggregate assets of a Portfolio ("pooled vehicles") that allow Prime Trust to manage select Trust assets more efficiently and at lower costs than if Prime Trust were to manage those assets on an individual basis. As noted above, Prime Trust maintains the Portfolios on a proprietary basis and operates them exclusively for the collective investment and reinvestment of certain Trust assets. As a result, interests in the Portfolios are not offered for sale (or advertised directly) to the general public and are not open for direct investment.

Prime Trust has discretion for all decisions regarding the allocation of Trust assets among the various Portfolios. However, Prime Trust will make those decisions by taking into consideration the investment objectives, time horizons, and risk tolerance (collectively, “investment preferences”) of each Trust as provided by its Grantor. These investment preferences are provided during the process of establishing the Trust and may be changed later using the Grantor’s account dashboard (which is accessible through the Grantor’s account on or, or via Prime Trust’s mobile app(s), if and when available).

Grantors and other contributors may place assets other than cash in a Trust (e.g. real estate, stocks, bonds, business interests, etc), but Prime Trust may or may not accept such assets or agree to manage those other non-cash assets, depending upon the specific situation of any particular Trust and the assets contributed to it.

Cash is FDIC-insured, but other assets, as well as investments in Portfolio’s (if any), are not FDIC-insured. Accounts are each insured up to $5,000,000 by Prime Trust’s financial institution bond. However, the bond does not protect you against losses from holdings in the Portfolios or other non-cash assets. Prime Trust will manage each Trust with a general goal of protecting the assets of the Trust and respecting the Grantors investment preferences. Nonetheless, a Trust may, based on its holdings in the Portfolios, as well as any other assets which the Grantor may have placed into the Trust, experience a loss of all or part of the value of its assets.

No, in part because Prime Trust is a trust company. The Trusts and the Portfolios are established and regulated under Nevada trust law, and Prime Trust is a fiduciary to each Trust and each Portfolio in its role as Trustee to them. Prime Trust manages the Trusts and Portfolios in a manner consistent with its fiduciary duties and trust regulations. However, neither Prime Trust, the Trusts, nor the Portfolios will be registered under any state or federal securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, or comparable state laws.