A trust is a legal structure

  • settlor
    • transfers property to the trust
    • gives instructions to the trust
  • trustee
    • the legal owner of the property in the trust
      • so the residence of the trust is where the trustee resides
    • carries out the settlor's instructions
    • fiduciary to act in the best interests of the beneficiaries
  • beneficiaries
    • the ones for whose benefit the trust was established

A trust can be established when the settlor is

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