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The a person establishing a trust is known as the trustor or grantor. The a person who oversees and manages the trust is called the trustee. Inside a revocable trust, the trustor may possibly Management the trust also, but in an irrevocable trust, the trustee has to be someone else.

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You are able to tailor a trust to your needs. You'll find various sorts of trusts from which to choose, but all trusts slide beneath two major classes.

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