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These illustrations are from corpora and from resources on the web. Any views from the examples will not symbolize the view on the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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Generation-skipping trust: This trust will allow anyone to transfer belongings tax-totally free to beneficiaries at the very least two generations their junior, normally their grandchildren.
Regulate. You'll be able to specify the terms with the trust, which can assist you defend assets following a divorce, by way of example, or Command when kids obtain their inheritance And exactly how they commit it.
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proposes that trust is usually a Mind procedure that binds representations of self, other, condition, and emotion into a Distinctive pattern of neural firing called a semantic pointer
[countable] trust bet (law) a company or a group of folks that invests funds that may be given or lent to it and uses the gains that can help a charity
Cash gains and earnings taxes. The belongings in the trust account might make income, which could bring about money taxes or money gains taxes. Who pays that tax will depend on who legally owns the belongings, and charitable donations could be exempt.
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With a revocable trust, the grantor can change the beneficiaries and assets assuming that they’re alive and bodily and mentally in a position to take action. Nevertheless, revocable trusts commonly don't supply tax Positive aspects or defense from creditors.