Page 7 - Nexia SAB&T Trust Guide 2022
P. 7

STRUCTURE OF A TRUST


                          FOUNDER/DONOR
                          Person who forms
                          a trust in order to
                          transfer ownership
                          of assets/funds.




          TRUSTEES           TRUST            ASSETS

          Those who       Entity that holds   Trust property
         administer and    trust property.  (assets/funds)
        control the trust’s                transferred to trust
         assets for the                     by donation, sale
         beneficiaries.                      or on death.



                          BENEFICIARIES

                          Those who benefit
                           from assets.
                           Can be either
                          income or capital
                          beneficiaries, and
                          can have vested
                          or discretionary
                             rights.



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