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TRUST ACCOUNTS

Across
COURT PROCESS BY WHICH A WILL IS PROVED VALID/INVALID
ALSO KNOWN AS A LIVING TRUST THIS TRUST CAN HELP ASSETS PASS OUTSIDE OF THE PROBATE. YET ALLOWS CONTROL OF THE ASSETS DURING GRANTORS LIFETIME
PERSON(S) WHO MANAGES PROPERTY THAT IS HELD IN A TRUST
PERSON(S) FOR WHOM THE TRUST WAS CREATED, AMD WHO RECEIVES THE BENEFITS OF THE TRUST.
TRUST TAX ID NUMBER
Down
THIS TRUST TYPICALLY TRANSFERS GRANTORS ASSETS OUT OF GRANTORS STATE TAXES & PROBATE, BUT CANNOT BE ALTERED BY THE GRANTOR
FIDUCIARY ARRANGEMENT
THE PERSON WHO CREATES THE TRUST
THIS TRUSTEE/PERSON(S) IS NAMED TO STEP IN AND MANAGE THE TRUST WHEN THE TRUSTEE IS NO LONGER ABLE TO CONTINUE
CANNOT BE ON A TRUST ACCOUNT