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[ C ] a authorized arrangement where someone or Business controls residence and/or dollars for an additional person or organization:
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an arrangement between two or more companies to operate collectively illegally, one example is to regulate price ranges:
Specific requirements trust: This trust is designed for a dependent who gets authorities benefits, for example Social Security incapacity Added benefits. Organising the trust enables the individual with a incapacity to get earnings devoid of influencing or forfeiting the government payments.
Tina Orem is undoubtedly an editor at NerdWallet. Just before turning into an editor, she included modest organization and taxes at NerdWallet. She is a financial author and editor for more than fifteen many years, and he or she features a diploma in finance, in addition to a master's degree in journalism in addition to a trust bet Master of Small business Administration.
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Training trust: Beneficiaries can only use the money in the trust account for instructional charges.
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