This important quality is trust.In this quality everyone counts on you.
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What is trust?</h3>
As part of a thoughtful estate plan, a trust can provide additional benefits in addition to being traditionally used to reduce estate taxes.
In a trust, a third person, or trustee, is given the authority to hold assets for the benefit of one or more beneficiaries. There are numerous ways to set up trusts, and they can stipulate the precise timing and distribution of the assets to the beneficiaries.
Your beneficiaries might have quicker access to these assets because to the fact that trusts typically escape probate compared to assets transferred through a will. Furthermore, if it is an irrevocable trust, it might not be regarded as a component of the taxable estate, which could result in lower taxes owing upon your passing.
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