Certified particular residence trust: An irrevocable trust where you transfer a house in your heirs but reach live in it for any specified period of time initial.
[ C ] a authorized arrangement during which someone or organization controls assets and/or income for another individual or Corporation:
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Be aware the move-up foundation relates to inherited belongings generally, not merely the ones that require a trust.
a legal arrangement during which an individual or Firm controls home or funds for the advantage of another particular person or Business:
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Schooling trust: Beneficiaries can only use The cash in the trust account for instructional charges.
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