a legal arrangement through which anyone or organization controls house or money for the benefit of One more human being or organization:
These illustrations are from corpora and from resources on the internet. Any thoughts from the illustrations never signify the viewpoint in the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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Observe that the phase-up foundation applies to inherited assets in general, not only the ones that include a trust.
a authorized arrangement by which anyone or Group controls residence or income for the benefit of A further man or woman or Business:
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Cash gains and cash flow taxes. The assets inside of a trust account could create income, which could trigger money taxes or money gains taxes. Who pays that tax depends on ทรัสเบท who lawfully owns the assets, and charitable donations can be exempt.
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