A Living Trust For Investments ??

[2901bruce]

What is the name of your state? CA

Hello,

I would like to set up a Living Trust to buy & sell stocks.
I was told that the Trust is its entity being & that it offers
total separation from yourself & the Trust (liabilities).

If so, what are the advantages & disadvantages of having
this Trust for investment purposes (tax shelter?), etc;.
I will be opening an account in my Trusts' name with either
E-Trade, or Quick & Reilly.

Thanks! 2901bruceWhat is the name of your state?

 

[tranquility]

Your basic assumptions are wrong or so far off reality so as to take an article to correct the misconceptions. And, you didn't make many assumptions. Before continuing on this path, you need to go to the library and take out some books on the subject to get a basic understanding. No one on the forum can take the time to educate people on things like this. The forum is better at taking facts and applying the law than teaching the law so the person can apply his own facts.

As to the advice portion, never invest in a way you don't understand.