Asset Protection Trust

contact Release time: 30 December ID: 6wA31rVb Views: 1 times Contact Person: Daniel Danny Isle of Man United Kingdom

A Trust structure provides asset protection as there is a separation of the business assets from the individual. Although a Trust is not a separate legal entity, the business will be held in the name of the Trustee (which would usually be a company). Here the Trustee does not actually own the business as it is merely held in trust for the benefit of the beneficiaries. This creates a legal separation of the business from the individual.

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