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WebFeb 4, 2024 · A trust is a separate legal entity that holds assets on a grantor’s behalf Knowing who owns trust property has important tax implications for the person who opened the trust You can’t usually remove trust property from an irrevocable trust except under narrow circumstances WebSep 20, 2016 · A trust is a legal arrangement intended to ensure a person’s assets eventually go to specific beneficiaries. The trust creator puts assets in the trust and authorizes a trustee to administer... interview woody johnson ambassador
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