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Setting Up a Trust

Maybe you're thinking about how to better manage your property, or you want to make sure your family will be taken care of after you're gone. If you're having these thoughts, you might want to think about setting up a trust. A trust is basically a transfer of legal title from the owner (the grantor, trustor, or settlor) to an institution or person (a trustee). The trustee then administers the trust according to the trust terms for the benefit of a beneficiary. There are various factors to consider when setting up a trust. These factors include the size of the estate, the age, and marital status of the grantor. FindLaw's Setting Up a Trust section provides information and tips to help you set up a trust.

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