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[ C ] a authorized arrangement in which a person or Group controls house and/or income for another human being or Firm:

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Transfer assets to the trust account. If the trust is a component of the estate strategy, it is possible to designate the trust as one particular of your respective beneficiaries. Like that, your belongings go on the trust account if you die.

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Here is an example of how the stepped-up foundation calculation is effective, employing shares: The first expense of shares was $five,000. The shares were placed right into a revocable trust and handed on to the beneficiary.

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