Trusts vs Foundations: What are the Deciding Factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly used as structures for succession planning and philanthropy. The question often asked is: which should I use? Is one preferable to the other? This article takes a brief look at how trusts and foundations differ and the circumstances in which one might be used instead of the other.

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