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[ C ] a authorized arrangement through which an individual or Firm controls house and/or cash for one more human being or organization:

An estate program can present you with reassurance that the assets might be dispersed In accordance with your needs if you die.

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Good Vocabulary: relevant phrases and phrases Trusts & resources annuity blind trust charitable trust covenant anything to somebody/some thing fund funding Keeping enterprise kitty mutual fund non-discretionary pension fund pension prepare slush fund support syndic the Consolidated Fund trust fund trustee trusteeship device trust See a lot more results »

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The underside Line Trusts are elaborate cars, besides Maybe with the Totten trust. Making a trust commonly needs expert assistance from a trust lawyer or simply a trust enterprise, which sets up trust cash as A part of a wide range of estate- and asset-administration expert services.

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What Is a Living Trust? A living trust can be a authorized arrangement established through somebody's life span which contains property trust bet being distributed soon after Dying Which bypasses probate.

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