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[ C ] a lawful arrangement in which anyone or Firm controls home and/or money for another human being or Firm:
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Nonetheless, young children who are under the authorized age of 18 will need to possess trustees. The trustees only have Regulate in excess of the belongings right up until the youngsters reach adulthood.
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A trust is mostly employed to hold belongings so that they are Risk-free from creditors or Other people That may Have got a claim on them following the grantor's Dying. Additionally, trusts in many cases are accustomed to retain assets Protected from members of the family who may well normally promote or shell out them.
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