Trust is a legal instrument that aims to preserve and manage property in the best possible way.

A trust asset is any valuable property — for example, bonds, money, real estate, shares in investment funds.

Trusts in the United States can be used to:

  • Reducing the tax burden on property or profits
  • Better management of property or assets
  • Asset management in the best possible way with the help of a legal or natural person
  • Preservation and protection of valuable property

With the help of a trust, you can avoid taxes on gifts, profits. To do this, the property must be transferred to the trust before immigrating to America.

Under US tax regulations, all profits of a trust are the income of the settlor. Therefore, the settlor will have to report all of the profits of his trust on his annual tax return.