4 ms·
At least in the US, it's very common to for major assets (especially real estate), owned by a trust. Although a trust is different from a corporation in many w
by tomwheeler 3y ago
At least in the US, it's very common to for major assets (especially real estate), owned by a trust.
Although a trust is different from a corporation in many ways, they're similar in that they are both legal entities distinct from the people involved (and can both have their own tax ID numbers, also distinct from those people). They're primarily created for estate planning purposes, but public records will typically show only the name of the trust, not the people who live there.