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Considerations To Know About trust administration

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To set up a trust, the creator (called the grantor) opens a trust account, puts assets inside the name of the trust and authorizes Yet another human being, known as a trustee, to distribute those property for the trust’s beneficiaries in accordance with the procedures during the trust agreement. https://plannedgiving65320.estate-blog.com/28307452/details-fiction-and-charitable-bequest

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