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You Must Remember This

  • Trusts come in many different forms – some help with reducing estate taxes: others fund the education of children and grandchildren or help provide for people with disabilities or those who might have trouble managing their own affairs; still others fund charities.

  • Trusts can also provide protection from your beneficiaries’ creditors.

  • If a trust is right for you, be sure it’s funded properly and complies with all legal requirements in your state.



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The American Bar Association Guide to Wills and Estates
Copyright © 2004 American Bar Association