Estate Planning

Trust

Definition

What is Trust?

A legal arrangement in which trustees hold and manage assets for beneficiaries.

Example in practice

A trust owns investments for a child's education.

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The property, investments, rights, and obligations left by a person at death.

Arranging ownership, beneficiaries, documents, and taxes for incapacity or death.

A legal document directing how a person's estate should be handled after death.

The tendency to feel losses more strongly than equivalent gains.

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