a authorized arrangement in which someone or Group controls residence or money for the benefit of A different person or Business:
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you, we're feeding on your meals. From NPR These examples are from corpora and from sources on the internet. Any views while in the illustrations don't signify the viewpoint in the Cambridge Dictionary editors or of Cambridge College Press or its licensors.
Trusts can help day to day men and women avoid the probate system and guarantee their belongings are distributed as they wish once they die.
SMART Vocabulary: related words and phrases Trusting instead of trusting (you could) depend on/on it idiom acknowledge/just take anything on faith idiom bank lender on another person/a thing think have confidence in anything distrust distrustful distrustfully have religion!
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For this reason, the semantic pointer in Pat’s brain for trusting Sam is usually a binding of 5 representations, Every single of which binds other representations, all recognized as styles of neural firings operated on by convolution. The sensation of trust occurs as an emergent house of all this binding.
Competent terminable fascination property (QTIP) trust: When the initial husband or wife dies, the property from the trust account assistance the surviving partner; once the surviving husband or wife dies, the remaining property go exclusively to the 1st husband or wife’s chosen beneficiaries.
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Classes of Trusts Despite the fact that there are many different types of trusts, Every single matches into a number of of the trustbet next groups:
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