Trusts & Estates Law/charitable trust
I have a charitable activity with children that some key supporters like very much. I want to formalize and replicate my activity. My assumption is that an irrevocable trust, 3rd party trustee and specifics on payment controls as categorized expense quotas & direct payment request/processing instructions would allow me to focus on our core activities and more easily control & assure monies are spent as planned (both for me & supporter).
Is my assumption correct? After some searches the companies that I found that provide assistance with trusts are quite ample but I haven't run across any that specify they offer this kind of service. I even called a few and conversations weren't too productive to make a long story short.
Most charities incorporate and use this process. Then run the charitable activity as a non-profit corporation from there. I prefer to recommend Wyoming or Nevada corporation for this activity. You can find out all this information by looking up the Secretary of State's website and finding out how to do this. This would be much better in your activities than going down the path of trust area.