This months theme is a Trust. A trust is traditionally used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan.
A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.
When you start a business, it's important to choose a structure that suits your needs. We talk about what to know when business partners operate as a trust.
Next month, we will find out more about a Trust.
