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Trusts can even be accustomed to safe property for certain reasons, for instance a beneficiary's education or to help them get started a business.
Living trusts can be revocable or irrevocable. Testamentary trusts are commonly irrevocable after founded but is often revocable by way of a will if the grantor continues to be alive.
[ C ] a authorized arrangement where anyone or Corporation controls property and/or money for an additional person or organization:
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