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Relationships and Trust Participant Name: 20122016 by Preston, LLC All rights reserved. No portion of this document may be reproduced in any form of printing or by any other means, electronic or mechanical,
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Relationships and trust refers to a legal entity or arrangement where one party (the trustee) holds assets on behalf of another party (the beneficiary) for the benefit of a third party (the settlor).
Individuals or entities who have created or are beneficiaries of a trust are required to file relationships and trust.
To fill out a relationships and trust form, you must provide information about the trust, including details of the trustee, beneficiary, settlor, and the assets held in the trust.
The purpose of relationships and trust is to protect and manage assets on behalf of beneficiaries and to ensure that the assets are distributed according to the terms of the trust.
Information such as details of the trust, the trustee, beneficiary, settlor, and assets held must be reported on relationships and trust.
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