Renaissance_Creating a Trust for Family Assets
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So taking the car analogy, you would say, "Okay, I'm taking my car.
I want my son to have my Ford Mustang," you know? And therefore, I could say,
"I wanna put my car, I'm gonna set a law into a trust." So I basically write
a contract, a deed. I would make my wife, say,
the trustee, and say, "Right, well, you're in charge
of it now. You know, you've gotta make sure my car is maintained and isn't sold,
uh, or scrapped." And then the beneficiary, the person who's gonna benefit from
this asset is my son. Is that fair? You made the point as you explained
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