The Difference Between a Trust and Foundation

Get Our Help: https://nomadcapitalist.com/apply/ <br> <br>Join Our Email List and be the First to Hear about Breaking News and Exciting Offers <br>https://nomadcapitalist.com/email <br> <br>Get on the waiting list and join us for the next Nomad Capitalist Live: <br>www.nomadcapitalist.com/live/ <br> <br>A foundation is the dedication of property for a specific purpose. It can be established by individuals or other legal persons (such as companies) and has the benefit of its own legal personality. A foundation is created by the transfer of assets by the founder to achieve a specific purpose or purposes <br> <br>A trust is an arrangement whereby a person “the settlor” transfers the legal title of assets to another person “the trustee” so that they can be used to benefit other persons. The trustees must hold the assets for the persons named as the beneficiaries or for the achievement of a specific purpose (Purpose Trusts). <br> <br>Wondering more? In this video, Rusudan, our chief financial officer, explains all the differences and benefits between a Trust and Foundation. <br> <br>00:00 Start <br>0:30 Trust Definition and Meaning <br>2:44 Trusty Definition and Meaning <br>4:07 Foundation Definition and Meaning <br> <br>Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to &quot;go where they're treated best&quot;. <br> <br>Work with Andrew: https://nomadcapitalist.com/apply/ <br> <br>Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle. <br> <br>Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort. <br> <br>About Andrew: https://nomadcapitalist.com/about/ <br>Our Website: http://www.nomadcapitalist.com <br>Subscribe: https://www.youtube.com/subscr....iption_center?add_us <br>Buy Andrew's Book: https://nomadcapitalist.com/book/ <br> <br>DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.