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[ C ] a legal arrangement during which an individual or Corporation controls assets and/or dollars for another man or woman or Firm:
Regulate. You may specify the phrases from the trust, which will help you shield belongings after a divorce, for example, or control when Young ones get their inheritance and how they invest it.
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Good Vocabulary: similar phrases and phrases trust bet Trusting and not trusting (you can) depend on/on it idiom take/consider something on religion idiom financial institution bank on anyone/some thing think have confidence in anything distrust distrustful distrustfully have faith!
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Trusts will also be utilized for a shut-finish fund created like a general public limited firm. Please read on for more details on trusts And the way These are used to guard property for beneficiaries.
Frequently trustbet known as a “bad person’s trust," this selection isn't going to need a penned document and often prices nothing at all to setup. It might be proven simply by getting the title over the account incorporate identifying language for instance "In Trust For," "Payable on Death To," or "As Trustee For."
That displays that there is no betrayal of trust on the ground that the administration may suffer in performance.
Popular Uses for Trusts The trust fund is surely an ancient instrument (dating again to feudal moments, in reality) that is typically greeted with scorn resulting from its association with the idle prosperous (as within the pejorative "trust fund newborn").
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