No, I was under the impression that foundations must be established with a non profit goal in mind. I thought you cannot just give beneficiaries cash. I see I was mistaken and that private foundations allow you to treat the structure the same as a trust fund.
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I assume we are taking about a foreign trust and not an Estonian one. In what regard? When it comes to money laundering? Profit distributions?
No, I was under the impression that foundations must be established with a non profit goal in mind. I thought you cannot just give beneficiaries cash. I see I was mistaken and that private foundations allow you to treat the structure the same as a trust fund.