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a legal arrangement wherein someone or organization controls house or dollars for the advantage of One more human being or Group:Wise Vocabulary: related terms and phrases Trusts & resources annuity blind trust charitable trust covenant anything to somebody/a little something fund funding Keeping business kitty mutual fund non-discretionary pension fund pension system slush fund assist syndic the Consolidated Fund trust fund trustee trusteeship unit trust See more success »
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If all this sounds bewildering to you, you are not alone. The IRS publishes an posting known as Tax Subject matter 419 that helps you find the proper varieties, publications, and data concerning gambling taxes.
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The cash that her father left her is currently being held/kept in trust (= getting managed) for her till she's 30.
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