What Is A Trust?
What Is A Trust?
While terms like ‘college trust’ and ‘trust fund baby’ are heard often in today’s world, not everyone knows what a trust is and what purpose it serves. Despite the many different types of trusts and the confusing legalese that often comes into play, understanding a trust isn’t as hard as it seems.
Simply put, a trust is a legal agreement by which one party places property or money in the care of someone, so that they can later distribute it to a third party. There are many situations in our daily lives in which we do …
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