I'm surprised to see the ~AGORA has been covering more topics related to commerce and natural law, topping up the initial aim I understand that was to simply offer a bitcoin P2P market place here in SN.

Anyhow, I've beed recently digging in the Trust topic, for those that does not know, a Trust is an arrangement whereby property or assets are transferred from one person (the ‘settlor’) to another person (the ‘trustee’) to hold the property for the benefit of a specified list or class of persons (the ‘beneficiaries’).

A trust can be created solely by verbal agreement but it is usual for a written document (the ‘trust deed’) to be prepared. This evidences the creation of the trust, sets out the terms and conditions upon which the trustees hold the trust assets, and outlines the rights of the beneficiaries.

Not many knows that every one of us is already part of a trust, unconsciously established at our birth by our parents, with whatever state entity you have been born under becoming the settlor. The fact that no one know that we are the trustee of a trust it's pretty alarming, mostly because allows the settlor (local state entity) to do and operate with it as desired. I'm reading more and more about people trying to become the beneficiary of this invisible trust... some successfully, other not yet. It's an interesting game to play! But outside my current aim to discuss with the topic of this post.

I've become curious about trusts because firstly, my small family has now members spread internationally plus liquid and illiquid assets (houses and other real estate, cars, antiques) personally "registered" accordingly. The majority of the assets are currently "registered" in one country in Europe and my granpas are unfortunately reaching the end of a beautiful life but as usually old generations does, they aren't aware of this financial instruments and I'd like them to organize consequently to avoid future surprises when dealing with inheritance.

This instrument, from my perspective also help to maintain the assets agglomerated under a single umbrella and as mentioned above, have the beneficiaries making use of it along future generations. I'm obviously also thinking selfishly here, because honestly, when the assets splits will happen in the future, I ideally want to avoid paying random percentages to entities like G0vs I do not recognize, nor I want them to take something that does not belong to them in the first place.

Another doubt I have is obviously about my little sats' stack, and wonder if I should put it under this umbrella in case it will be established, or just keep it as personal. I obviously w'd love to have my future and current family and heirs somehow access to it, and I'm still juggling around to define the how!

I'm writing here, to open a conversation about this topic, and in case gather information as I'm a novice in this area and I'd like to learn more, for my own benefits, but also to be better informed and support proper conversations with my family members, in order to have them considering this option.