Trust & Foundation Formation 2025

Service Description

Trust & Foundation Formation 2025 and there forward A trust is a legal agreement for an asset owner (grantor) to give a third party (trustee) the right to manage assets for a beneficiary's benefit. A foundation is a separate legal entity, similar to a corporation, with a governing council and a distinct purpose, such as charity or research. Key differences include privacy (trusts are private, foundations are registered), ownership (trust assets are held by a trustee, foundation assets are owned by the foundation itself), and structure (trusts are contracts, foundations are incorporated entities).