Trust or Corporation? The first step in establishing a private foundation is to form the organization as either a trust or corporation under state law. Although a trust has fewer requirements for paperwork, record keeping, and filings, it’s also a more rigid organizational structure and can typ...
“Queen of Mean,” left nothing for two of her grandchildren, but designated a $12 million trust fund for Trouble. After reviewing the case, a judge changed the benefit to $2 million and awarded money to the scorned grandchildren and to charity. So don’t assume you can leave millions ...