Has total protection against loss or illness. Offers total protection against bankruptcy and assets can not be touched. Offers large personal tax advantages. Individuals taxed on distributions. Stock Certificates are taxable assets at very high rates if passed through Probate.
Rules are subject to the capricious avarice and control of lawmakers.
Quarterly tax estimates must be filed. Individuals may or may not pay tax after distribution. Trust Certificates are of beneficial interest and are owned by family or another trust. Not taxable or subject to probate. Beneficial Certificate Holders have no power the Trust operation.