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[countable, uncountable] (law) an arrangement by which a company or a group of folks has lawful control of money or house that has been supplied to any person, ordinarily until finally that man or woman reaches a selected age; an amount of money or home that is definitely managed in this manner
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A trust is one method to supply for an underage beneficiary or somebody that can not manage their finances due to health-related or other situations. As soon as the beneficiary is deemed effective at controlling their property, they'll get possession from the property held in trust.
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Include to term checklist Increase to phrase list B1 [ I or T ] to think trustbet that anyone is nice and trustworthy and won't damage you, or that anything is Protected and trusted:
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Frequent Uses for Trusts The trust fund is an ancient instrument (dating back to feudal occasions, in reality) that is usually greeted with scorn as a consequence of its Affiliation with the idle rich (as within the pejorative "trust fund trustbet child").
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