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What is a trust and what are the advantages and disadvantages of using a trust?

April 26, 2017advantages disadvantages Trust

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What is a trust and what are the advantages and disadvantages of using a trust?

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A trust is not a separate legal entity in the same way that a company is. In simple terms it is a business structure where a trustee (usually a company) carries out the business on behalf of the members of the trust. A trust is set up through a trust deed.