I am confused on depositing money in a skeleton trust. Is that only for the 20 percent I receive if exchanging for the higher :sovereign"rate? If I exchange for the public rate can all of my proceeds go into a skeleton trust? Also, can that money be transferred into other trusts, llc's and foundations other banks or do I have to designate the bank performing the currency exchange as the home bank of me trusts, etc? Oh, is the 20 yeats structured mandatory for people over the age of 60 and I assume that percentage will stay with the bank doing the exchange..?? Thank you in advance for helping me understand.
Confused in California