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Trusts FAQ - What is a trust?

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Trusts FAQ - What is a trust?

Date: March 04, 2011

Q. What is a trust?

A. When a person receives any money or property on behalf of another person, this creates a trust. The relationship between the person receiving the money or property, and the person for whose benefit it is held is described as a trust. A trust allows you to own nothing but control everything.