a authorized arrangement during which anyone or Firm controls property or funds for the advantage of An additional individual or Corporation:

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[countable, uncountable] (law) an arrangement by which an organization or a group of individuals has authorized Charge of money or home that's been offered to someone, typically right up until that human being reaches a specific age; an sum of money or house that is definitely controlled in this way

Testamentary trust: Created via the phrases of one's will; as opposed to other trusts, these trust accounts are only funded on your Loss of life.

A trust is one way to provide for an underage beneficiary or someone that cannot handle their finances due to clinical or other disorders. As soon as the beneficiary is deemed able to running their property, they will receive trust bet possession on the property held in trust.

By building an account, you certify that you are over the age of eighteen or the lawful age for gambling in your country of home.

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Certified terminable curiosity property (QTIP) trust: When trust bet the first husband or wife dies, the assets inside the trust account assistance the surviving wife or husband; when the surviving husband or wife dies, the remaining belongings go exclusively to the primary wife or husband’s picked beneficiaries.

The money that her father left her is becoming held/kept in trust (= becoming controlled) for her until finally she's 30.

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