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What is a trust property?

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Title to real or personal property can be transferred to a trust. The trustee named in the trust instrument then has the sole and absolute authority to manage the property but only FOR THE BENEFIT OF of someone else- the beneficiary. The person who transferred the real estate or personal property (money, stocks, etc.) to the trust no longer owns the property. It is now the property of the trust.

First answer by Kluss. Last edit by Kluss. Contributor trust: 700 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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