How Pure Trusts Operate Select topics from the list below. Settlor begins the Trust. Beneficiaries may be other Trusts or organizations.
Beneficiaries also receive other benefits - healthcare, insurance, education, etc .
GM runs all day to day affairs of the Trust. GM may contract a Secretary- Treasurer. It is the creation by a first person of a new second entity to own assets for the benefit of a third person regarding that property. By states' laws as a privilege - a Statutory Trust 2. The U.S. Constitution allows each state the right to grant trusts.