Trust is a legal entity

Is this legal?

Trust companies are legal entities that are responsible for managing and overseeing the assets of their clients. These assets are typically held in a trust, and the company acts as the trustee. Trust companies employ a team of professionals, including financial planners, attorneys, and tax professionals, to ensure that their client’s assets are properly managed.

It is important to note that trust companies may have minimum requirements for clients, such as a minimum net worth or a minimum amount of assets to be placed into trust. It is important to inquire about these requirements when researching trust companies.