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Credit history shelter trust: From time to time called a bypass trust or household trust, this trust will allow an individual to bequeath an amount of money around (but not about) the estate-tax exemption.
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A trust account is another term for a trust. It could confer with both the authorized trust arrangement or on the checking account itself that holds the resources. Frequently, a trustee manages the resources in a very trust account for its grantor and makes sure that the money end up with the designated beneficiary.
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