#1 https://www.confiduss.com/en/services/incorporation/purpose/trust/ - Trust von FedelBassano 21.04.2023 10:59

A trust is a company that acts as an asset manager (trustee) for another company. The activity of a trust is characterized by two characteristics:

A trust is an independent decision-maker.
A trust does not own the assets it manages.
In other words, one person passes ownership to a second person for the benefit of a third person. A trust is a legal arrangement whereby the settlor transfers his or her assets (real estate, dividends, savings, or other assets) to another person - the trustee - for use to the benefit of the beneficiaries (who may be either single individual or group). Trusts are often used to protect wealth and pass it on through generations.

Although generally directed by the beneficiary, a trust is ultimately an independent decision maker. A trust acts in accordance with the rules and regulations set out in the relevant agreements and aims to achieve the best outcomes for the beneficiaries. However, the strategy for achieving these results is determined by the Trust itself. The scope of these activities is practically unlimited and ranges from investment to donation to the sale of an estate.

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