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Introduction to Accounts in Trust An account in trust is a financial arrangement where an individual opens and manages an account for the benefit of a third party, known as the beneficiary. The account can hold various assets such as cash, stocks, bonds, mutual funds, real estate, and other types
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What is an A-B Trust? An A-B trust, also referred to as a marital deduction trust, credit shelter trust, or bypass trust, is a joint estate planning strategy designed to minimize estate taxes for married couples. By executing this trust arrangement, each spouse transfers assets to the trust with the
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