These trust accounts generally transfer property following the grantor dies, they usually keep life span items for that grantor’s heirs or beneficiaries.
Trust is a posh neural method that binds diverse representations right into a semantic pointer that includes thoughts.
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Transfer belongings into your trust account. Should the trust is a component of an estate plan, you could designate the trust as a person of your respective beneficiaries. That way, your belongings move to the trust account after you die.
SMART Vocabulary: connected phrases and phrases Trusts & resources annuity blind trust charitable trust covenant some thing to someone/a little something fund funding holding company kitty mutual fund non-discretionary pension fund pension strategy slush fund support syndic the Consolidated Fund trust fund trustee trusteeship unit trust See extra effects »
These illustrations are from corpora and from sources on the web. Any viewpoints within the examples tend not to characterize the viewpoint on the Cambridge Dictionary editors or of Cambridge College Push or its licensors.
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a lawful arrangement during which a person or Group controls property or funds for the advantage of A further particular person or Corporation:
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Blind trust: This trust will allow the trustees to manage the property while in the trust without the beneficiaries' knowledge. This may be valuable if a beneficiary has to stay away from conflicts of interest.
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