WebJan 27, 2024 · In deciding whether to wind up a trust the trustees should take into account the circumstances of the beneficiaries of the trust, the terms of the trust deed and obtain … WebJan 18, 2024 · A trust is a legal arrangement where one person, (the “settlor,” “grantor,” or “transferor”) gives legal ownership of specific property to a second person (the “trustee”) to use to benefit a third person (the “beneficiary”). Trusts are used for many reasons, but people often use them like wills to pass property to their ...
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