The Debate of Trust vs Foundation: Evaluating the Pros and Cons

When it comes to managing wealth and succession planning, trusts have been the tool of choice for many generations. Now there is a new kid on the block – foundations. Both foundations and trusts are instrumental in wealth management, family office operations, and charitable activities. They can serve the same purpose, and deciding between using a foundation or a trust requires some understanding of their respective unique structures and operational mechanisms.