Should Your Client Have A Non-charitable Foundation?

In the U.S. world of estate planning, it would be difficult (some might say impossible) to find an attorney who is not familiar with trusts. In that same world, however, it would be nearly as difficult (some might say improbable) to find an attorney who is familiar with private non-charitable foundations an entity established to benefit individuals or to carry out a non-charitable purpose, such as

In the U.S. world of estate planning, it would be difficult (some might say impossible) to find an attorney who is not familiar with trusts. In that same world, however, it would be nearly as difficult (some might say improbable) to find an attorney who is familiar with private non-charitable foundations — an entity established to benefit individuals or to carry out a non-charitable purpose, such as the furtherance of a family business.

Why is that?

One obvious reason is that

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