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  2. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    The UTC attempts to standardize the general composition of both trust forms and their requirements, but does not generally attempt to address the procedural questions as to overall subject-matter jurisdiction and other aspects of proceedings involving trusts. [10] Instead, the vagarities of various state and local procedural rules will ...

  3. Just How Bad Is It If My Will & Trust Don't Match? - AOL

    www.aol.com/finance/happens-trust-dont-match...

    Wills are an essential part of estate planning, leaving instructions for how to distribute your assets and possessions after you die. Trusts are a common tool in estate planning as well, serving ...

  4. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Appointer: This is the person who can appoint a new trustee or remove an existing one. This person is usually mentioned in the trust deed. Appointment: In trust law, "appointment" often has its everyday meaning. It is common to talk of "the appointment of a trustee", for example. However, "appointment" also has a technical trust law meaning ...

  5. Interest in possession trust - Wikipedia

    en.wikipedia.org/wiki/Interest_in_possession_trust

    Such a life interest trust is the most common example of an interest in possession trust. In the United Kingdom, the 10-yearly inheritance tax charge may be payable on assets transferred into this type of trust on or after 22 March 2006. [2] In the example of a life interest trust, the interest in possession ends when the income beneficiary dies.

  6. Estates and Wills: Should You Set Up a Revocable or ... - AOL

    www.aol.com/estates-wills-set-revocable...

    The trust may be responsible for paying income tax on undistributed gains. The beneficiary may also pay income taxes on money withdrawn from the trust after your death.

  7. Disclaimer of interest - Wikipedia

    en.wikipedia.org/wiki/Disclaimer_of_interest

    In the law of inheritance, wills and trusts, a disclaimer of interest (also called a renunciation) is an attempt by a person to renounce their legal right to benefit from an inheritance (either under a will or through intestacy) or through a trust. "If a trustee disclaims an interest in property that otherwise would have become trust property ...

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