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[ C ] a lawful arrangement by which somebody or Corporation controls property and/or funds for another individual or Firm:

Irrevocable trusts are everlasting at the time signed and funded. They’re frequently employed to minimize estate taxes since the property within an irrevocable trust technically belong towards the trust, not the grantor.

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SMART Vocabulary: linked words and phrases Trusting rather than trusting (you are trust bet able to) rely upon/upon it idiom settle for/get something on faith idiom lender lender on a person/one thing consider believe in anything distrust distrustful distrustfully have religion!

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Types of Trusts Even though there are plenty of different types of trusts, Each and every matches into one or more of the subsequent classes:

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