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A trust may be used to ascertain how an individual’s income should be managed and distributed though that individual is alive or soon after Demise. A trust allows an estate avoid taxes and probate. It may defend assets from creditors and dictate the terms of inheritance for beneficiaries.
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Tina Orem is really an editor at NerdWallet. Just before becoming an editor, she was NerdWallet's authority on taxes and small organization. Her function has appeared in a variety of neighborhood and national stores. Examine much more
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