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Equipment Finance Trusts By Shannon S. Frazier, Esq. Morris James Aircraft, railcars, vessels, motor vehicles: the cost of these and other types of major equipment continues to rise. As businesses

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What is finance trusts?

Finance trusts are legal arrangements that allow a trustee to hold assets on behalf of beneficiaries.

Who is required to file finance trusts?

Individuals or entities that hold assets in a trust are required to file finance trusts.

How to fill out finance trusts?

Finance trusts can be filled out by providing information about the trust, its beneficiaries, and the assets held.

What is the purpose of finance trusts?

The purpose of finance trusts is to ensure that assets are managed and distributed according to the wishes of the trust creator.

What information must be reported on finance trusts?

Information such as the trust's name, beneficiaries, trustees, and assets held must be reported on finance trusts.

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