Dirt Dart
Member
I think there is a limit on how far the trust can go for individuals -- can't be perpetual, but it is around 120 years or something like that. So as long as the trust stays going, there shouldn't need to be a transfer, but that assumes the trust is well written. What I was getting at is that I don't think an item in a trust can go tax free from that trust to an individual or another trust...but I'm not sure.
I believe you are correct. Trusts and corporations are legal entities. You pay the transfer tax on them for items coming and going, just like an individual.
The benefit, amongst others, is that all trustees and officers respectively can legally be in possession of the registered item.