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Friday, November 20, 2009
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Advanced Life Insurance
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Call us at (800) 940-3002
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What
is a trust? |
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DISCLAIMER: The purpose of this information is to provide general information which is subject to change and is specific to state law. ReliaQuote is not providing legal advice. If you have a specific legal issue or accounting issue, you should consult with a lawyer who is licensed to practice law in your jurisdiction or a certified public accountant familiar with tax regulations in your jurisdiction. |
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A trust is an agreement made between two parties for the benefit of a third party. The Trustee holds legal title to property for the benefit of others.
A life insurance trust is a trust formed to own a life insurance policy. An accountant or attorney can help set up a trust. Trust can be revocable or irrevocable.
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