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

What is a Trust?

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...