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    jjwpoint's Avatar
    jjwpoint Posts: 1, Reputation: 1
    New Member
     
    #1

    May 8, 2013, 07:56 AM
    Foundation or trust what is the difference
    How do I know if I need a trust or a foundation?
    smoothy's Avatar
    smoothy Posts: 25,492, Reputation: 2853
    Uber Member
     
    #2

    May 8, 2013, 08:28 AM
    Talk to a lawyer... because you aren't creating either of those on your own. They can explain based on your personal circumstances which is better. There is no one right answer.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    May 8, 2013, 09:51 AM
    A foundation is an organization set up to give money away. So I'm not sure that's what you want. A little more information about what you want to accomplish will help us answer you, but yes, you would not set up either without the aid of an attorney to get it right.

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