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I would like to use my family trust as a business. How do I structure the trust or change terms to use it for business?
Business
Trust Agreement
South Carolina
Asked on Feb 16, 2022
I would like to use my family trust as a business. How do I structure the trust or change terms to use it for business?
I have my home in a trust to pass on to my children. However I would like to use as a rental to help generate additional income.
1 Attorney answer
Answer
Business
South Carolina
Answered 766 days ago
Christopher B.
ContractsCounsel verified
Business Lawyer
Licensed in South Carolina
Free Consultation
You can structure the trust in several ways. It depends on exactly what your goals are, if you are looking for asset protection or another goal, tax goals, etc. Would need to speak with you to get some more information to help advise you on the best route to take to achieve your goals.
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