Review:
Trusts
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Trusts are legal arrangements where a trustee holds property on behalf of beneficiaries. They are commonly used for estate planning, asset protection, and charitable giving.
Key Features
- Legal entity
- Trustee
- Beneficiaries
- Assets
- Distribution rules
Pros
- Estate planning benefits
- Asset protection
- Tax advantages
Cons
- Complex legal structures
- High administrative costs