a authorized arrangement wherein a person or Corporation controls home or cash for the good thing about One more particular person or Firm:
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Specific requirements trust: This trust is intended for a dependent who receives federal government Advantages, which include Social Security disability Added benefits. Putting together the trust permits the person having a disability to acquire income with out impacting or forfeiting The federal government payments.
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A trust is mostly used to hold property so that they're Secure from creditors or Many others that might Use a assert on them following the grantor's Dying. Furthermore, trusts will often be used to retain belongings Protected from close relatives who may normally offer or spend them.
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