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Form 4441 Statement of Trust Missouri Department of

Form 4441 Statement of Trust Missouri Department of

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despite complexities that can arise in consideration formation and drafting of the trust documents the trust arrangement is a very simple concept a trust arrangement merely means that one person is holding property for the benefit of another a trust is a division of ownership of property between its legal ownership and its beneficial ownership the trustee is the legal owner of the property and he or she is merely holding the property for the benefit of the owner of the beneficial or equitable owners the equitable owner of the trust is the beneficiary the person who funds the trust in the first place who is also usually the person who creates the trust is known as the Grand Tour or set Lord the trust agreement which establishes the trust in the first place is an agreement between the Grand Tour and the trustee it is a contractual arrangement whereby the grantor gives the trustee legal title to the trust assets and in exchange the trustee agrees to hold those assets for the benefit of th

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