As its name implies, a purpose trust is a type of trust that you create and establish for a specific purpose. Unlike traditional trusts, which operate to benefit identifiable individuals or entities, ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

The private discretionary trust is the most widely known form of trust where trustees are given a fund of money to manage and distribute amongst certain named or described beneficiaries who are ...

The New York Times reported in mid-September that Yvon Chouinard, the founder of clothing-maker Patagonia, has transferred the voting stock of this $3 billion company to a purpose trust (representing ...

New Hampshire is a leading jurisdiction for establishing trusts. Since 2004, the New Hampshire Legislature has continually modernized its trust laws to make trust administration more efficient, to ...

The announcement that Yvon Chouinard has given control of his $3 billion apparel company, Patagonia, to a Perpetual Business Purpose Trust, has generated a great deal of discussion about Purpose ...

A well-designed trust can help save time, paperwork and other headaches when settling an estate. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Almost every funded trust has one or more bank accounts – checking, savings, money market or certificates of deposit – and most of those accounts are insured by the FDIC. What many do not realize is ...

Question: I heard you speak recently and you mentioned that someone could set up a trust to hold a family vacation home for the entire family to enjoy. We have this situation in our family. Our ...