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2. Trust (law) - Wikipedia

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

   Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in rare cases, a court may change the terms of the trust due to unexpected changes in circumstances that make the trust uneconomical ...

3. Discretionary trust - Wikipedia

   en.wikipedia.org/wiki/Discretionary_trust

   In the trust law of England, Australia, Canada, and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. It is sometimes referred to as a family trust in

4. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   Many create trusts to protect family members from themselves. It is not unusual [citation needed] to see a will in which four children get funds free of trust or any other encumbrances from their father but a fifth child's funds are all or mostly placed in trust. This is usually for good cause – drug abuse, demonstrated inability to hold onto ...

5. Deciding Between a Trust Fund and a Will: Which One ... - AOL

   www.aol.com/trust-fund-vs-more-essential...

   A trust fund is a legal entity that holds and manages assets on behalf of another individual or organization. ... a family with a child with special needs might opt for a special needs trust to ...

6. Protecting Your Legacy: How an Inheritance Trust Keeps ... - AOL

   www.aol.com/keep-money-family-inheritance-trust...

   An inheritance trust – also known as a family or testamentary trust – is a legal arrangement designed to manage and protect assets for the benefit of heirs or beneficiaries after the grantor ...

7. Don't Sleep on This Difference: Family Trust vs. Living Trust

   www.aol.com/finance/dont-sleep-difference-family...

   A family trust has an extended lifespan that enables it to distribute assets based on designated milestones (ie., marriage, having children). It can also fund the special needs care of a loved one ...