“TRUSTOR” – Defined: Grantor, a Person who creates a trust. Also called a Trustor or Settlor.
In Attorney Finney’s original writing of “Is the ordinary trust I recommend a legal entity(?),” he defines for use the “parties to the trust agreement.” He writes, “The parties to the trust agreement which I recommend are:”
-“the ‘settlor’ or ‘trustor’ who is the church who creates the trust.” – Jerald Finney
Now, where exactly in the Scriptures does it state that a local New Testament church (LNTC) can “create” anything? Where does it state that a LNTC can be a “Settlor” or a “Trustor?” According to 76 Am. Jur 2d, page 139, “A valid trust REQUIRES a trustor or settlor.” Continuing, “a valid trust can be created only where the trustor or settlor has the legal competence to make a contract and to make a disposition of the legal title to the property.” Continuing, “A PERSON lacking capacity to make an ordinary transfer of property has NO CAPACITY to create an inter vivos trust.” This automatically begs the question, is the LNTC a PERSON? U.S. Code, Title 1, Chapter 1, Section 1, states: “The words person… include(s) corporations, companies, associations, firms, partnerships, societies, and joint stock companies, as well as individuals.” Now, which of these “created the trust,” Attorney Finney?
“RESOLUTIONS” – “The formal decision of an organization. A motion which has obtained the necessary majority vote in favor.”
In Attorney Finney’s Declaration of Trust (DOT), Section B, Number 2, it states, “The Trustor may, at any time and from time to time, by RESOLUTION of the congregation: a) Amend any provision of this Trust agreement, or any amendment to this Trust Agreement.” Where in the Scriptures does it state that LNTCs make “Resolutions” to a Trust Agreement? Did the church at Jerusalem make RESOLUTIONS in Acts 15 to send to the Gentiles at the church of Antioch? Where did the churches VOTE? Does Acts 6:5 really say, “And the saying pleased the whole multitude, and they MADE A RESOLUTION to have the Trustees (Apostles) choose Stephen, Philip, etc.?” Pastors are going to have to determine if their churches are a “PERSON,” or the BODY of a person, the Lord Jesus Christ.
“BORROW MONEY” – DOT, Section 2(c)
Attorney Finney’s precious DOT states in Section 2(c): “The Trustee shall first consult the congregation prior to the exercise of the following powers: (c) BORROW MONEY from any person, firm, or corporation, for any Church purpose, on such terms and condition, as the Trustee may deem proper, and to OBLIGATE THE CHURCH TO REPAY SUCH BORROWED MONEY.” Now, brethren, do I have to ask where in the Scripture did a church ever “borrow money?” As the Director of ELC, I was an honored guest at the “Bond Burnings” of FIVE different churches over the years. We would never consider completing the unincorporating of a local church until ALL of their debts were paid. We helped churches get OUT of debt, not INTO debt. But, if a LNTC wants to be a “servant to the lender (Proverbs 22:7),” then by all means, seek out Attorney Finney, and HE will set you up. For crying out sideways (!!!), even Noah did not even consider taking out a loan to build the ark quicker (I know it should be “more quickly.”). He could have “floated a loan” and never had to pay it back. But Noah trusted God, and paid for the Ark as he built it. Noah did not “presume on the future.”
“SECRETARY” – Finney’s Folly, A Certificate of Secretary
It states on the Resolutions on a Lease Agreement from a LNTC which Attorney Finney approves, “I am the duly qualified and acting Secretary of a local New Testament Church, named [BLANK].” The Legal Definition of Secretary by Buovier’s Law Dictionary of 1856, states: “An officer who, by order of his superior, writes letters and other instruments. He is so called because he is possessed of the SECRETS of his employer. The term was used in France in 1343, and in England the term secretary was first applied to the clerks of the King, who being always near his person were called clerks of the secret, and in the reign of Henry XIII, the term Secretary of state came into it.” Pardon the ultra-sarcasm, but you can find this church office right there next to Bishops and Deacons. No, maybe it’s right there next to “Trustee.” And where in the Bible is this Church Secretary who signs his or her name to the RESOLUTIONS documents? Please give us chapter and verse. Did “Scribe” somehow make it into the LNTC? I assume Scribe is someone who Scribbles. And where in 1 Timothy, chapter 3, (or anywhere else in the Bible) are the “qualifications” of this “acting (capital “S”) Secretary?”
“TRUSTEE” - “Hey, it’s there in the Bible if I say it is, because I intensely studied it.” – Pseudo-Jerald Finney (really BT, DBA JF)
In Attorney Finney’s DOT of a LNTC on page one, the fifth “Whereas” down if anyone is counting, it states: “Whereas: Trustor, [BLANK], being a local New Testament Church, acknowledges that the Pastor of the Church is authorized by the Scripture of The Holy Bible to hold title to God’s property as the designated trustee of God, for the Pastor is the steward of God (Titus 1:7), and, as the steward of God, he is accountable to God (Hebrews 13:17).” After I get up off the floor laughing, I just want to ask ALL those pastors who, years ago, screamed from their pulpits to their people, “Trustees are NOT in the Bible(!),” a question. Pssst… WHEN DID TRUSTEE GET BACK INTO THE BIBLE? And no pastor worth his salt would allow such a blatant leap in defining a Scriptural term. From “Trustee” (way over here) to “Steward” (WAY OVER THERE!) is a HUGE leap in translation, much less application. Trustee does NOT mean Steward, and a Biblical Steward was NOT a Trustee. Look at the two differing documents, the DOT and the B-I-B-L-E. The DOT states that the “congregation” makes the pastor a Trustee. The Bible states that the “Steward” is appointed of GOD (“as the steward OF God,” Titus 1:7). Will anyone come forward and challenge my interpretation of Titus 1:7? “For the bishop must be blameless, as the steward of God…” Did this mean that Paul was telling Titus to make that Bishop a Trustee to hold property? A Steward (Trustee?) in the Bible was Eliezer (Genesis 15:2) who was to go into a far country and get a bride for Isaac. Joseph was a steward in Potaphar’s house. Was he the holder of Potaphar’s property in Trust? I think not. Paul uses the terms “minister” and “steward” in the same context in 1 Corinthians 4 – “Let a man so account of us, as of the ministers of Christ, and stewards of the (PROPERTY AND/OR MONEY???) mysteries of God.” Is a pastor a Trustee of the Trust, or the Steward of the Mysteries of God? One cannot mean the other. “Moreover, it is required in stewards (Did Paul imply Trustee here?), that a man be found faithful.”
There were no Pastoral Trustees in the Bible. To think so is asinine. It would take a man so desirous of borrowing money to build a big building, or having a bank account to seem like a “normal” church to overlook the obvious mistreatment of a Scriptural principle of the God-called man being God’s “Steward” “over His household and family, the church, to give to everyone their portion of meat in due season; one that dispenses the manifold grace, or various doctrines of the grace of God, and mysteries of Christ (John Gill, Commentary on Titus 1:7).” When did God ever call a man to get His Church in debt?
“BENEFICIARY” – “The person for whom a trust has been created.”
According to the Gospel of Finney, he “recommends” that the third party to the trust is the “Beneficiary.” I suppose that should be consistent to read “Pastor/Trustee,” “Trustor/Church,” and “God/Beneficiary.” “God, Thou art the ‘person’ we have created the Trust to Benefit.” Because God needs all the benefits that we can bestow upon Him. And God’s church can even BORROW MONEY to Benefit Jesus Christ. “See, God, we have borrowed money to benefit Thy Son.” “We have opened a bank account for Thine own Son’s Benefit.” How God must be impressed. “Thank you, My Servants, for borrowing fiat money from a broken bench (Biblical Bank) for Me. Now I will bless you by helping you pay it back with Interest.” What really is interesting is that one of the synonyms for “Lordship” in Luke 22:25 is not only “exercise authority,” but also “Benefactor.” Jesus Christ, our Lord, is our BENEFACTOR, and not our Beneficiary. God is the OPPOSITE of a Beneficiary. A Benefactor is “from Latin phrase, bene facere, from bene ‘well’ + facere ‘to do.’ Translated in Old English as wel-done. A person who confers a benefit.” News Note: “WE do not Benefit Him, He Benefits us!” Many of the pastors reading this have preached, “God has given us everything we need, and Christ is All-Sufficient.” My question is, “Will that same pastor then administer something for God’s benefit?” Philippians 4:19 – “But my God shall supply all your need according to His riches in glory by Christ Jesus.” Finneypians 4:19 – “But my Trustee shall supply all God’s need according to our riches on earth by a Church, and maybe even a Bank.” Are we going to obey God, or a man? (Acts 5:29)
In Attorney Finney’s original writing of “Is the ordinary trust I recommend a legal entity(?),” he defines for use the “parties to the trust agreement.” He writes, “The parties to the trust agreement which I recommend are:”
-“the ‘settlor’ or ‘trustor’ who is the church who creates the trust.” – Jerald Finney
Now, where exactly in the Scriptures does it state that a local New Testament church (LNTC) can “create” anything? Where does it state that a LNTC can be a “Settlor” or a “Trustor?” According to 76 Am. Jur 2d, page 139, “A valid trust REQUIRES a trustor or settlor.” Continuing, “a valid trust can be created only where the trustor or settlor has the legal competence to make a contract and to make a disposition of the legal title to the property.” Continuing, “A PERSON lacking capacity to make an ordinary transfer of property has NO CAPACITY to create an inter vivos trust.” This automatically begs the question, is the LNTC a PERSON? U.S. Code, Title 1, Chapter 1, Section 1, states: “The words person… include(s) corporations, companies, associations, firms, partnerships, societies, and joint stock companies, as well as individuals.” Now, which of these “created the trust,” Attorney Finney?
“RESOLUTIONS” – “The formal decision of an organization. A motion which has obtained the necessary majority vote in favor.”
In Attorney Finney’s Declaration of Trust (DOT), Section B, Number 2, it states, “The Trustor may, at any time and from time to time, by RESOLUTION of the congregation: a) Amend any provision of this Trust agreement, or any amendment to this Trust Agreement.” Where in the Scriptures does it state that LNTCs make “Resolutions” to a Trust Agreement? Did the church at Jerusalem make RESOLUTIONS in Acts 15 to send to the Gentiles at the church of Antioch? Where did the churches VOTE? Does Acts 6:5 really say, “And the saying pleased the whole multitude, and they MADE A RESOLUTION to have the Trustees (Apostles) choose Stephen, Philip, etc.?” Pastors are going to have to determine if their churches are a “PERSON,” or the BODY of a person, the Lord Jesus Christ.
“BORROW MONEY” – DOT, Section 2(c)
Attorney Finney’s precious DOT states in Section 2(c): “The Trustee shall first consult the congregation prior to the exercise of the following powers: (c) BORROW MONEY from any person, firm, or corporation, for any Church purpose, on such terms and condition, as the Trustee may deem proper, and to OBLIGATE THE CHURCH TO REPAY SUCH BORROWED MONEY.” Now, brethren, do I have to ask where in the Scripture did a church ever “borrow money?” As the Director of ELC, I was an honored guest at the “Bond Burnings” of FIVE different churches over the years. We would never consider completing the unincorporating of a local church until ALL of their debts were paid. We helped churches get OUT of debt, not INTO debt. But, if a LNTC wants to be a “servant to the lender (Proverbs 22:7),” then by all means, seek out Attorney Finney, and HE will set you up. For crying out sideways (!!!), even Noah did not even consider taking out a loan to build the ark quicker (I know it should be “more quickly.”). He could have “floated a loan” and never had to pay it back. But Noah trusted God, and paid for the Ark as he built it. Noah did not “presume on the future.”
“SECRETARY” – Finney’s Folly, A Certificate of Secretary
It states on the Resolutions on a Lease Agreement from a LNTC which Attorney Finney approves, “I am the duly qualified and acting Secretary of a local New Testament Church, named [BLANK].” The Legal Definition of Secretary by Buovier’s Law Dictionary of 1856, states: “An officer who, by order of his superior, writes letters and other instruments. He is so called because he is possessed of the SECRETS of his employer. The term was used in France in 1343, and in England the term secretary was first applied to the clerks of the King, who being always near his person were called clerks of the secret, and in the reign of Henry XIII, the term Secretary of state came into it.” Pardon the ultra-sarcasm, but you can find this church office right there next to Bishops and Deacons. No, maybe it’s right there next to “Trustee.” And where in the Bible is this Church Secretary who signs his or her name to the RESOLUTIONS documents? Please give us chapter and verse. Did “Scribe” somehow make it into the LNTC? I assume Scribe is someone who Scribbles. And where in 1 Timothy, chapter 3, (or anywhere else in the Bible) are the “qualifications” of this “acting (capital “S”) Secretary?”
“TRUSTEE” - “Hey, it’s there in the Bible if I say it is, because I intensely studied it.” – Pseudo-Jerald Finney (really BT, DBA JF)
In Attorney Finney’s DOT of a LNTC on page one, the fifth “Whereas” down if anyone is counting, it states: “Whereas: Trustor, [BLANK], being a local New Testament Church, acknowledges that the Pastor of the Church is authorized by the Scripture of The Holy Bible to hold title to God’s property as the designated trustee of God, for the Pastor is the steward of God (Titus 1:7), and, as the steward of God, he is accountable to God (Hebrews 13:17).” After I get up off the floor laughing, I just want to ask ALL those pastors who, years ago, screamed from their pulpits to their people, “Trustees are NOT in the Bible(!),” a question. Pssst… WHEN DID TRUSTEE GET BACK INTO THE BIBLE? And no pastor worth his salt would allow such a blatant leap in defining a Scriptural term. From “Trustee” (way over here) to “Steward” (WAY OVER THERE!) is a HUGE leap in translation, much less application. Trustee does NOT mean Steward, and a Biblical Steward was NOT a Trustee. Look at the two differing documents, the DOT and the B-I-B-L-E. The DOT states that the “congregation” makes the pastor a Trustee. The Bible states that the “Steward” is appointed of GOD (“as the steward OF God,” Titus 1:7). Will anyone come forward and challenge my interpretation of Titus 1:7? “For the bishop must be blameless, as the steward of God…” Did this mean that Paul was telling Titus to make that Bishop a Trustee to hold property? A Steward (Trustee?) in the Bible was Eliezer (Genesis 15:2) who was to go into a far country and get a bride for Isaac. Joseph was a steward in Potaphar’s house. Was he the holder of Potaphar’s property in Trust? I think not. Paul uses the terms “minister” and “steward” in the same context in 1 Corinthians 4 – “Let a man so account of us, as of the ministers of Christ, and stewards of the (PROPERTY AND/OR MONEY???) mysteries of God.” Is a pastor a Trustee of the Trust, or the Steward of the Mysteries of God? One cannot mean the other. “Moreover, it is required in stewards (Did Paul imply Trustee here?), that a man be found faithful.”
There were no Pastoral Trustees in the Bible. To think so is asinine. It would take a man so desirous of borrowing money to build a big building, or having a bank account to seem like a “normal” church to overlook the obvious mistreatment of a Scriptural principle of the God-called man being God’s “Steward” “over His household and family, the church, to give to everyone their portion of meat in due season; one that dispenses the manifold grace, or various doctrines of the grace of God, and mysteries of Christ (John Gill, Commentary on Titus 1:7).” When did God ever call a man to get His Church in debt?
“BENEFICIARY” – “The person for whom a trust has been created.”
According to the Gospel of Finney, he “recommends” that the third party to the trust is the “Beneficiary.” I suppose that should be consistent to read “Pastor/Trustee,” “Trustor/Church,” and “God/Beneficiary.” “God, Thou art the ‘person’ we have created the Trust to Benefit.” Because God needs all the benefits that we can bestow upon Him. And God’s church can even BORROW MONEY to Benefit Jesus Christ. “See, God, we have borrowed money to benefit Thy Son.” “We have opened a bank account for Thine own Son’s Benefit.” How God must be impressed. “Thank you, My Servants, for borrowing fiat money from a broken bench (Biblical Bank) for Me. Now I will bless you by helping you pay it back with Interest.” What really is interesting is that one of the synonyms for “Lordship” in Luke 22:25 is not only “exercise authority,” but also “Benefactor.” Jesus Christ, our Lord, is our BENEFACTOR, and not our Beneficiary. God is the OPPOSITE of a Beneficiary. A Benefactor is “from Latin phrase, bene facere, from bene ‘well’ + facere ‘to do.’ Translated in Old English as wel-done. A person who confers a benefit.” News Note: “WE do not Benefit Him, He Benefits us!” Many of the pastors reading this have preached, “God has given us everything we need, and Christ is All-Sufficient.” My question is, “Will that same pastor then administer something for God’s benefit?” Philippians 4:19 – “But my God shall supply all your need according to His riches in glory by Christ Jesus.” Finneypians 4:19 – “But my Trustee shall supply all God’s need according to our riches on earth by a Church, and maybe even a Bank.” Are we going to obey God, or a man? (Acts 5:29)