A fictitious legal entity that owns assets for the benefit of a third person (beneficiary). The grantor of the trust is the one who set up and gave money to the Trust. The trustee is the person charged with the safekeeping and distribution of the trust.
Estate Planning Tools for Wealth Transfer
Proper estate planning does not leave all the transfer of all of your money and assets until the time of your death. Many people, particularly those who have enough assets to be subject to estate tax, must consider wealth transfers while they are living. Wealth transfers should be part of a systemic and organized estate plan that you develop with an estate planning …
more