Legal Question in Real Estate Law in Utah
Legal definition
What is the legal definition of an 'enterprise', a 'foundation', an 'endowment', a 'trust'? I am interested in any similar type of revocable entity which may be established regarding real property? I want to retain total control of said property, possibly make $ from the ownership, convert it, use it for the benefit of others, keep until I retire/die and be able to bequeath it to any chosen person(s)/ entity.
I do not want this challengeable. I am looking for the title which gives me total decisionmaking control, yet is unattachable by creditors, relatives, judgements, etc. I would also like my name to not be readily accessible, to a searcher for any potential assets (e.g. creditors, relatives and any realtor/investigator who may be looking for a tag to connect this with me. I value my privacy and want to discourage/thwart all but those I reveal my enterprises to.
In the past I put this under another legal term and I fear I may have not chosen the best option. Therefore, I'd like to be better aware of my choices and the ramifications for each.
1 Answer from Attorneys
Re: Legal definition
You need to talk to an estate planning specialist who can be made familiar with your particulars. This web site is for general information only. You are welcome to call for a free consultation.
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