A lot of other trust designs that I have looked at have very rigid structures with narrowly restricted uses allowed, but I prefer greater flexibility. How flexible is the NLT design?
The NLT can operate as a personal trust, a family holding vehicle, a holding company for a business, a land trust, a holder of real estate, a holder of bank accounts, a holder of securities and brokerage accounts, and a holder of really any asset of monetary value.
The NLT can operate as a private membership association, a foundation, a spiritual center, a scientific institute, an educational organization, an organizer of humanitarian projects, or a charity. There is really no noble purpose to which that NLT cannot be easily adapted.