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Click here for printable form: html, pdf | |||||||||||||||||||||
PILL | |||||||||||||||||||||
| c/o 4270 Aloma Ave Suite # 124-66K Winter Park FL 32792 USA |
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| Phone: 407-679-2959 Fax: 407-679-5039 Email: pill@pill.net | |||||||||||||||||||||
"SETTLOR" (SINGLE INDIVIDUAL NAME ONLY) | |||||||||||||||||||||
FIRST NAME: __________________________________ MI: ________ LAST NAME: ______________________________ ADDRESS: __________________________________________________________________________________________ CITY: __________________________________________ ST: __________________ CODE (ZIP): ___________________ COUNTRY: ______________________________________ EMAIL: _____________________________________________ PHONE: __________________________________________ FAX: _____________________________________________ | |||||||||||||||||||||
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METHOD OF PAYMENT (Circle One): INTERNATIONAL MONEY ORDER - BANK DRAFT - TRAVELERS CHECK |
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TERMS AND CONDITIONS
All payments must be made payable to PILL. Your ID # will then be emailed or mailed back to you. PILL only endorses & is only affiliated with programs specifically mentioned in this application or found on the official PILL web site at www.pill.net. Your sponsor receives the benefit when you join; therefore PILL is not responsible for any refunds. This application is not to be altered in any way without written permission from PILL. PILL reserves the right to modify the program from time to time. Annual maintenance fee of $200 payable in arrears on the anniversary date of the trust. Trust minimum required balance $200. BENEFIT PACKAGE includes AvantGuard bank account, death benefit and FREEDOM Credit and Debit card. Maximum age at time of enrollment to be eligible for death benefit is 71. (See details below) Upgrade - Members can sell any program they desire however they are required to upgrade themselves in order to sell a program at a higher dollar value than the one they originally signed up for. This upgrade fee will be the difference between your entry-level program and the program being sold and will be deducted from the trust. I hereby agree to all the Terms & Conditions and authorize the appointed Trustee to sign the settlement document. | |||||||||||||||||||||
SIGNATURE:_________________________________________ DATE: _____________ Date of Birth:_________________ |
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PILL SPONSOR ID # 3063 | |||||||||||||||||||||
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_____ PLEASE PROVIDE A FOREIGN GRANTOR FOR THE ADDITIONAL FEE OF $300. | |||||||||||||||||||||
_____ PLEASE PROVIDE AN INTERNATIONAL BUSINESS CORPORATION (IBC) FOR A $1000 ADDITIONAL FEE. | |||||||||||||||||||||
PLEASE USE THE FOLLOWING # AS MY SECURED PIN # ____________________________________ (4 to 8 Numeric Characters) | |||||||||||||||||||||
| 12/01 | |||||||||||||||||||||
Visit the OFFICIAL PILL web site at: www.pill.net | |||||||||||||||||||||
PILL 200 - The Original
Membership - $200 pays $200* to sponsor1st Referral - $200 pays upline $40* five levels 2nd Referral - $200 pays to PILL to set up the trust All others - $200 pays $200* to the trust The following programs provide a trust to everyone immediately in addition to the "Prosperity Reports" PILL 400
Membership - $400 pays $200* to Sponsor and $200 to PILL to set up the trust1st Referral - $400 pays $200* upline and $200 to PILL to set up the trust All others - $400 pays $200* into the trust and $200 to PILL to set up the trust PILL 600
Membership - $600 pays $400* to Sponsor and $200 to PILL to set up the trust1st Referral - $600 pays $200* upline, $200 to PILL to set up the trust, and $200* into the trust All others - $600 pays $400* into the trust and $200 to PILL to set up the trust PILL 800
Membership - $800 pays $600* to Sponsor and $200 to PILL to set up the trust1st Referral - $800 pays $200* upline, $200 to PILL to set up the trust, and $400* into the trust All others - $800 pays $600* into the trust and $200 to PILL to set up the trust PIL PLUS
The PIL PLUS, is a Trust referral program. The sponsor receives $850 of the $1250 fee. Upon payment you will receive an activated Trust, with a $250 opening balance, a starter kit and the "Prosperity Reports" which are a comprehensive educational materials offering practical information on using the Trust, International Business Corporations and other offshore services. Once the Trust has accumulated or you have deposited $1000 in the Trust you may request the BENEFIT PACKAGE described below. PIL PLUS PLATINUM
Offered for those who desire to obtain a Trust and the BENEFIT PACKAGE immediately (see below for details on the BENEFIT PACKAGE). With the PIL PLUS PLATINUM program you receive the Trust activated at once with an opening deposit of $500, a bank account at AvantGuard Bank associated with the trust and the "FREEDOM" credit card. PILL/FREEDOM WEB
All members participating in the monthly web page fee must sign a separate
agreement to have the funds debited from the trust. The monthly fee is
paid upline to at a rate of $5.00 per level. The fee pays for a web page
at www.pill.net/(trust number.htm). If the $30.00 is not available the
web page will be removed and the upline sponsors will not receive any
payment. The sponsor receives a listing of all the payments received and
can determine which members have not paid. Participants in the program
must maintain a minimum balance in the trust of $400 instead of the $200.BENEFIT PACKAGE
The optional BENEFIT PACKAGE consists of a personal bank account at
AvantGuard Bank and Trust of Grenada and having a minimum deposit of $1000
(for PIL PLUS PLATINUM these funds will be held in AvantGuard Bank andTrust
and are included in the $2500), a Freedom Credit and Debit Card with $500
line of credit and a death benefit. The death benefit is an decreasing
term benefit which will return the following amounts to the trust from
AvantGuard Bank account dependant on your age at the time of your demise:
Under 25- $24,000, 26 to 35- $19,000, 36 to 45- $14,000, 46 to 55- $11,500,
56 to 65- $9,000, 66 to 70- $6500, 71 and over- $4000. Maximum age at
time of enrollment to be eligible for death benefit is 71. This $1000
is a minimum deposit to maintain the bank account and is held in AvantGuard
bank for as long as the trust is active. Upon requesting inactivation
and the return of the "Freedom Card" and payment of any outstanding balances
the $1000 will be returned to the trust and disbursed to you upon inactivation.
The Trustee pays interest on funds in the trust at the rate of 6% per
annum compounded quarterly. To qualify for the interest payment the trust
must maintain a minimum balance of $2,000 throughout the entire calendar
quarter. The $1000 held by AvantGuard is considered as part of the minimum
balance required to qualify, however interest is not paid on these funds.FOREIGN GRANTOR TRUSTS **
Foreign Grantor Trusts (FGT) are Trusts established by a Settlor in a foreign jurisdiction. For purposes of U.S. taxation, the Settlor cannot be an U.S. citizen, resident or taxpayer. The FGT is created and administered under the laws of Grenada and the Trustees are not located in the U.S. or its possessions. For purposes of U.S. taxation, the assets and profits of the FGT are treated as if owned by and taxed to the Foreign Settlor, and as such should not be subject to U.S. taxation, unless the assets are situated in the United States. In the case where the assets are situated in the U.S., there may be tax consequences. Benefits
U.S. citizens or residents may transfer money directly to a FGT. There are income tax benefits to the FGT in that non-U.S. citizens and residents are taxed in the U.S. only on income derived from the U.S. that is fixed or determinable such as interest, dividends, rents etc. Non-U.S. citizens are not taxed on capital gains unless the capital gains relates to conduct of a U.S. business or trade or relates to U.S. real property interest. There is no U.S. gift tax applied to gifts of intangible property by non-U.S. citizens or residents. Costs
A new Foreign Grantor Trust can be established through PIL for the cost of $300. An additional document amendment fee of $25 will apply for existing trusts. These fees can be deducted directly from Trusts or mailed in with a Letter of Wishes requesting a FGT. The Trust documents will be reissued naming the foreign Settlor, and a Power Of Attorney will be provided to the member in order that the member may carry out activities in the name of the Trust.
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*less 5% charge ($10 maximum) **Materials condensed from "Offshore Asset Protection & Tax Planning Strategies" by Alan R.Eber, LL.M. Disclaimer: PIL arranges foreign Settlor services. The member is responsible for and encouraged to seek the advice of Tax Planning professionals to determine whether this service meets his needs. |