Exemption Trust Definition.

A trust is a legal arrangement in which one person, called the trustee, holds legal title to property for another person, called the beneficiary. The trustee has a fiduciary duty to manage the trust property for the benefit of the beneficiary. An exemption trust is a type of trust that is exempt from certain taxes, … Read more

What is insolvency?

The concept of insolvency is a legal situation in which the company finds itself when it does not have liquidity enough to meet the payment of the company's obligations. In this way, insolvency is defined as the inability of a person or company to pay its debts. The insolvency of a company occurs, in accounting … Read more