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These illustrations are from corpora and from resources online. Any thoughts in the illustrations do not depict the belief in the Cambridge Dictionary editors or of Cambridge College Push or its licensors.

Estate Scheduling Trusts can also be useful for estate organizing. Normally, a deceased specific's assets are handed to your husband or wife and then Similarly divided Among the many surviving young children.

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[countable, uncountable] (legislation) an arrangement by which a company or a gaggle of men and women has lawful control of revenue or home which has been specified to any person, usually until eventually that person reaches a particular age; an sum of money or assets that is managed in this manner

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A trust is one way to provide for an underage beneficiary or someone that can not deal with their finances due to clinical or other problems. After the beneficiary is considered capable of controlling their belongings, they will acquire possession of your property held in trust.

By making an account, you certify that you are around the age of 18 or the lawful age for gambling with your country of home.

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Training trust: Beneficiaries can only use The cash while in the trust account for educational bills.

The money that her father remaining her is currently being held/held in trust (= getting controlled) for her right up until she's 30.

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