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Old May 7, 2007, 08:59 AM
shujan shujan is offline
Test Cricketer
Join Date: December 27, 2004
Posts: 1,285

Originally Posted by gatekeeper
I think its illegal because non-profit and personal accounts are subject to different kinds of taxation.
Trust money is personal money set aside in a legal protective manner to save it from law suit. If you do not want your spouse or business partner to get any part of your money you can hide it legally behind trust. Trust money in untouchable in terms of legal action upto certain extent. It is not charity money. It is money that have to pay tax on and you can spend it to buy a Lexus, to play gambling in las Vegas or to Make yourself an amusement park if you want to.

Last edited by shujan; May 7, 2007 at 09:05 AM..
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