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Legal Dictionary: Trusts




Trusts are estate-planning tools that can replace or supplement wills, as well as help manage property during life. A trust manages the distribution of a person's property by transferring its benefits and obligations to different people. Different types of trusts include testamentary trusts, living trusts, AB trusts, and charitable trusts.

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For related legal definitions, visit the Estate and Probate Law Glossary in the FindLaw Legal Dictionary.

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