Turn the cash value of a trust-owned life insurance policy into a private family lending trust. Issue §7872-compliant promissory notes, collect interest from heirs, and let the death benefit refill the vault — all under a West Virginia §44D silent trust.
Your WV §44D Irrevocable Community Trust owns a permanent life insurance policy. Premiums build cash value tax-deferred inside the trust.
Cash value · MEC-aware
Pick a borrower (beneficiary, extended family, trust-owned LLC), set the term, and Zentru pulls the current Applicable Federal Rate so the note can never be below-market under §7872.
AFR auto-pulled monthly
KYC, OFAC, MEC headroom, LTV, source-of-funds, fiduciary findings — every loan must clear a hard gate report before a dollar moves.
Trustee-signed gate report
A multi-page PDF promissory note with full amortization, default & acceleration clauses, governing law, and a notary acknowledgment block — issued in one click.
PDF + canonical text + SHA-256
Borrower signs via E-SIGN / WV UETA acceptance link, or you escalate to Remote Online Notarization (BlueNotary or OneNotary) for higher-stakes loans.
RON · sandbox or live
Track payments, snapshot arrears, generate 1099-INT records, and anchor every material event to Stellar — your tamper-evident audit chain.
Stellar memo per event
Every note records the AFR snapshot used at origination. If the stated rate equals or exceeds the published AFR for that term, the loan is not a below-market loan and no imputed interest income arises.
The trustee documents prudent-investor analysis, conflict disclosure, best-interest rationale, and rate determination before each origination. Findings are hash-chained for tamper evidence.
Borrower e-signature has the same legal force as a handwritten signature. We capture IP hash, user-agent, and timestamp, and anchor the acceptance to the Stellar audit chain.
When a loan calls for a notarized instrument, the same PDF is handed off to a commissioned RON notary (BlueNotary / OneNotary) with credential analysis and KBA recorded on the certificate.
Loans cannot exceed available cash-value LTV thresholds and cannot push the policy into Modified Endowment Contract status. Both checks are hard gates, not warnings.
For each calendar year, Zentru produces an informational 1099-INT worksheet per loan summing interest payments. The trustee files the official form via their tax channel.
Zentru is software, not a law or accounting firm. Family Lender originations require attorney review where mandated and a CPA's sign-off for tax positions.
Spin up a trust, fund a policy, then originate loans with full promissory notes, RON notarization, and Stellar-anchored audit history — typically in under an hour.
LEGAL DISCLAIMER: Zentru is a decentralized administrative software suite. Zentru does not solicit deposits from the public, does not hold or custody client fiat funds, and is not a chartered bankinginstitution, trust company, or licensed money services business (MSB) under the Bank Secrecy Act.
NO LEGAL ADVICE. Zentru is a document assistant and software tool-kit under W. Va. Code §30-2-4; not a law firm; consult a WV-licensed attorney and CPA before relying on any output of this platform.