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Labrish
Nyuuz
Zimbabwe Trusts Offer Varied Options for Business and Family
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[QUOTE="Nehanda, post: 28245, member: 2262"] Trusts first started in England a long time ago. Zimbabwe borrowed some ideas about trusts but changed them to fit local needs. Other places like South Africa and Namibia did the same thing. These countries look at English trust laws for ideas but make their rules differently. People create two main kinds of trust everywhere. The first type happens after someone passes away based on instructions in their will. The second type starts during your lifetime when you decide to set one up yourself. Both serve important purposes for families and businesses. Trust rules change as people find new ways to use them. Both regular folks and big companies register trust papers with the government. Zimbabweans make many different kinds of trusts depending on what they want to accomplish. You might see business trusts helping companies manage assets together. Charity trusts help good causes help others. Community trusts let local people share ownership of resources. Nature lovers create conservation trusts to protect wild places. Companies use debenture trusts when borrowing money from investors. Generous people establish donation trusts to give away wealth. Schools benefit from education trusts funding student programs. Workers live in homes from employee housing trusts. Staff members gain ownership through employee share trusts. Families protect what they value using family trusts. Neighborhoods form resident trusts to improve local areas. Investors pool cash through unit trusts managed by experts. [/QUOTE]
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Labrish
Nyuuz
Zimbabwe Trusts Offer Varied Options for Business and Family
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