MountFujiView
Sun Jun 09 2024
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7 answers
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Who is the owner of a trust entity?｜The trustee is responsible for managing the property according to the rules outlined in the trust document, and must do so in the best interest of the beneficiary. This person may be the grantor, the spouse, or adult child of the trust or a third party.
Could you please clarify who owns a trust entity? I understand that the trustee oversees the management of assets within the trust, adhering strictly to the guidelines stated in the trust document, and striving to safeguard the welfare of the beneficiary. However, I'm uncertain about the identity of the owner. Could the owner be the individual who established the trust, their spouse, an adult offspring, or perhaps a separate, unrelated party? It would be helpful if you could elaborate on this matter.
