Generally, the trust issues certificates that represent ownership of the trust. Notice 97-24 addresses certain abusive trust arrangements. The pure trust may be treated as a sham for federal tax purposes depending on the trust term and its actual operation. Anyone may arrange his affairs that his taxes shall be as low as possible. Consider a Trust.
Pure trusts are for security, asset protection, and the long term .
Pure trusts are protective devices whose 1st priority is the trust and the trust assets. Trusts keep businesses alive and surviving, generation after generation. The real tragedy of pure trusts is that anyone can use them protect their assets, and they don't. There are no filing fees, and no expensive legal fees when you use the information in the book. If you are concerned, start slowly and develop your organization over time.