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Diversified Trust shares our knowledge on wealth strategies, investing, current financial news and trends.

The state in which a trust shall be administered is important to consider.

What is a Trust?

By Franklin F. Benton and Robert E. W. Lineberger
In simple terms, a trust is a legal structure created by a grantor/settlor that vests legal title to assets in one party, i.e. the trustee, to manage the assets of the trust for the benefit of others, i.e. the beneficiaries.  The grantor/settlor of the trust transfers property to the trustee either during...