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Trusts

What is a trust?

A trust is a third-party entity managing assets on behalf of one or more people. If it’s created while the person setting up the trust (the ‘settlor’) is alive, it’s called an inter vivos trust and if it’s created through direction in a will, it’s called a testamentary trust. The following answers assume the trust in question is a testamentary trust.

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August 12th, 2022