Trust

Overview

A trust is a legal arrangement in which a trustee manages assets on behalf of a beneficiary, providing a structure for managing and protecting property.

Common Use Cases

• Estate planning.
• Asset protection.
• Managing funds for beneficiaries.
• Reducing taxes.

Examples in Small Businesses

• Protecting business assets for heirs.
• Setting up a trust to manage a company's profits.
• Long-term financial planning.