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[countable, uncountable] (legislation) an arrangement by which a corporation or a gaggle of people has authorized Charge of cash or residence which has been presented to somebody, typically till that human being reaches a particular age; an sum of money or property that may be controlled in this way
Credit shelter trust: Often identified as a bypass trust or family members trust, this trust will allow an individual to bequeath an volume nearly (although not over) the estate-tax exemption.
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