Tax optimization for holding family assets - Trusts?

[zzzzzz]

What is the best long term solution if you want to move personal and family‌ assets (stock portfolio) under different name, for tax free accumulation, privacy and easy estate transfer?‍ I was reading about trusts (USA LLC that is owned by a Nevis trust) where⁠ you separate assets from yourself, but I don't understand exactly how they work. It sounds⁤ very complicated.
Can trusts open bank accounts and can you withdraw any money from brokerage/bank⁣ account that is owned by a trust? Are there any risks with trusts? Can you⁢ move money back to your name after years?

 

[Fulton Abraham Sanchez]

Hi. Moving a stock portfolio to a trust might create a higher tax liability if‌ the portfolio is producing taxable gains that will be taxed @ 35% for a trust.‍

To transfer the assets you need to deed them to the trust and the trust⁠ should be irrevocable, otherwise will be disregarded and all income is taxable to you.

 

[zzzzzz]

If irrevocable trust owns a company (US LLC), can settlor manage brokerage/bank account of that‌ company by himself? I assume trustee only manages trust, but not company?