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Trust Glossary

Trust - A three-part agreement in which a grantor transfers legal title to assets to a trustee for the purpose of benefiting one or more third parties (beneficiaries). A trust may be revocable or irrevocable and may be included in a will to take effect at time of death.

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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