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:
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.