Goodman Trust

The Goodman Trust is a type of legal arrangement where assets or money are managed by a trustee for the benefit of designated beneficiaries. It often involves a formal document outlining how the assets are to be handled, used, or transferred over time. The trust provides a way to ensure that wealth is preserved and distributed according to the founder’s wishes, offering benefits like asset protection, tax planning, and controlled inheritance. Essentially, it’s a legal tool for managing and safeguarding assets for future generations or specific purposes.