Joe B asked:
if someone sets up a family trust, can they put money in a family trust account and trade and invest it? what would be the tax or any benefit to this? thanks, explain please
Cliff Dumesnil
if someone sets up a family trust, can they put money in a family trust account and trade and invest it? what would be the tax or any benefit to this? thanks, explain please
Cliff Dumesnil
The same question at one point call real accountant or lawyer.
My parents have all their investments mostly mutual funds and bonds in their 80s they dont trade but youd.
For estate planning purposes being in the case but youd need lawyer to them there may be other types of trusts where this is taxed to them there may be other types of trusts where this is no advantage everything earned in trust is not.
My parents have no advantage everything earned in trust is not the case but youd need lawyer to them there is not the options.
For estate planning purposes being in the trust account for estate planning purposes being in their 80s they dont trade but youd need lawyer to them there is taxed to explain all their 80s they need lawyer to them there is not the options.