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Old 03-30-2014, 10:39 AM   #1 (permalink)
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trust vs escrow

I understand this is a estate discussion forum, but as trusts are most typically use in estates I thought this would be the best place to post my question.

I'm interested in utilizing a trust or escrow to implement a set of rules for the commercial trade of goods. It seems either can be crafted to provide a flexible and convenient alternative to letters of credit. Before I continue to investigate I wanted to get some of your comments on the following:

1. Establishment and nature
I assume both are preceded by a respective trust or escrow agreement and believe trusts can be more sophisticated and structured hence more adequate then an escrow in cases where operations are more varied/complex in contrast to simple 1 time purchase or sale transactions (i.e. real estate). Please provide any further details you can that illustrate your point.

2. Level of service and fraud protection/risk
I intend on making an initial $50,000.00 deposit and would require the trust / escrow service to revise shipping documents and inspection certificates before making a disbursement. Each shipment would have an average value of $25,000.00 and if this mechanism workouts out I intend on incrementing my volume within a week or two to 3 or 5 shipments per week. That considered why in my case would YOU choose the corporate trustee or escrow service from either a bank, attorney, financial services company and do the levels of fraud risk/protection vary with each?


Generalized responses in absence of considering corporate structure, stakeholders or any other more complete details are welcome. I just want to clarify general notion's of each before contacting any professional directly.
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Old 07-31-2014, 08:41 PM   #2 (permalink)
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Generally an answer to both of your questions would require the professional opinion of a estate admin and planning attorney. A link can be found here: http://www.legalmatch.com/law-librar...istration.html
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