Absolutely. That’s the whole purpose of it. If there were no ongoing process and growth, expansion, then it would just be a dormant entity and have little or no purpose. Most users of these trusts add documents to the trust on an ongoing basis, recording every significant transaction in a 3-ring paper binder notebook and in the computer files. Guidelines for all this are included in the indenture and in the manual that come with the trust.
Is there an ongoing process as growth of the trust/foundation needs? Print
Modified on: Wed, 22 Jul, 2015 at 7:21 PM
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