Assertion: trust's asset | /r/HasProperty | owned by the trust
Facets:
value: just about
type: DEGREE
Source sentences:
text: ILITs are constructed with a life insurance policy as the asset owned by the trust.
text: Just about any asset can be owned by a trust.
text: (2) the assets held by the trust may be entitled to a step-up in basis, (3) the grantor pays the trust's income and capital gains taxes on assets owned by the trust, allowing the trust to grow tax free, (4) the grantor can put any domestic or foreign asset into the trust including LLC Membership Units, S-Corp shares, C-Corp shares, life insurance, CD's, cash-like instruments, real estate, and a personal residence while retaining all the tax benefits of home ownership if remaining a grantor-type trust.