WHAT IS A TRUST?
A trust is a legal entity created to hold assets for the benefit of one or more beneficiaries.
Ini Olu
Last Update 4 maanden geleden
It involves:
A trust is NOT:
- Grantor (creator)
- Trustee (manager)
- Beneficiary (receiver of benefit)
A trust is NOT:
- A magic shield
- A way to avoid taxes automatically
- A guaranteed lawsuit-proof structure
- A replacement for compliance