傅同学2020-06-09 15:05:46
老师说 settlor 发起 irrevocable trust,assets就归beneficiaries, 但是note上说归 trustee,求问归谁
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Chris Lan2020-06-09 22:31:48
同学你好
trustee。
In an irrevocable trust structure, the trustee may be responsible for tax payments and reporting in his or her capacity as owner of the trust assets for tax purposes. An irrevocable trust structure generally provides greater asset protection from claims against a settlor than a revocable trust.22 In any event, both a revocable and an irrevocable trust structure can result in the transfer of assets to the beneficiaries without the time, expense, potential challenges, and publicity associated with probate because the settlor transfers legal ownership of the assets to the trustee and the transfer of those assets is dictated by the terms of the trust and not the settlor’s will.
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