Trust Info

Understanding the Basics of Non-Statutory Trusts

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Gain a clear understanding of non-statutory trusts, their purpose, and how they differ from other trusts. Explore the flexibility, privacy, asset protection, and potential tax advantages provided by these trusts. Learn about creating and administering non-statutory trusts, including choosing a trustee and transferring assets. Discover different types of non-statutory trusts and their common uses in estate planning, wealth preservation, business succession, and more. Understand the legal considerations, fiduciary duties, compliance requirements, and potential challenges of non-statutory trusts.

Trust Info

Private Trusts: Understanding the Basics

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Private Trusts: Understand the basics of private trusts, their characteristics, formation process, types, advantages, disadvantages, funding options, administration, and tax implications. Learn how private trusts differ from public trusts. Discover why private trusts are crucial in estate planning and asset protection.