Trust Beneficiary Chicago Illinois

Updated July 22, 2015
Trust Beneficiary Chicago Illinois
A trust beneficiary is someone who benefits from a trust. A trust is a separate taxable entity usually involving an arrangement created by either a will at the creator’s death or a trust document which can begin while the creator is still alive. In this arrangement, a trustee takes title to the property in order to protect or conserve it for the benefit of the beneficiaries.
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Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals.