What is its effect?
On application on an SS-5 form, the Social Security Administration creates a name and number and registers them in a database along with relevant information regarding the respective application. They then print said name and number on a pre-printed Social Security card and send a package including the card to its recipient. The recipient receives the package. The contents of the package (sometimes the card itself) plainly reserves that the card does not belong to the recipient; rather it is the property of Corp. U.S. The package also plainly instructs the recipient to activate the card with a signature if the recipient is willing to accept the responsibilities that go along with the card, which include the card/number can’t be used for an unlawful purpose and the card is to be held in a safe place until such time as its actual owner wants it back; also, Corp. U.S. reserves the right to request the return of the card at any time; and, that is about it.
Looking over this relationship, one will discover all of the elements of a Revocable Trust (see Contracts, Trusts and the Corporation Sole) are clearly part of this relationship. Therefore, the Social Security Administration created relationship inherent with the acceptance of the card is that of a Trust that remains an agency of Corp. U.S. under Corp. U.S.’ direct control through Congressional acts.
Therefore, all of the property ever acquired by such trusts remains the property of the trust’s beneficiary. In other words as a matter of law:
Corp. U.S. holds equitable title to all property acquired with a Social Security number.