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Personal trust

• An interest in an asset held by a trustee for the benefit of another person.

 
 Embedded terms in definition
 Asset
Held
Interest
Trustee
 
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What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

Well done is better than well said. - Benjamin Franklin (1706-1790)

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