Need help on figuring out who the beneficial ownership is on this one.
ABC, Inc. is our borrower. ABC is owned by three separate irrevocable trusts (titled as Jane Doe Irrevocable Trust FBO John Doe). Each irrevocable trust is FBO of a different individual (John, Jack and Judy). So, is the beneficial owner Jane Doe? There are trustees listed for each irrevocable trust, which leads me to believe that Jane is deceased. If that is the case, would the owners be the FBO individuals? This one has me stumped.