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Newbie question about Trusts...

Posted by 2nd Fred on May 27, 2003 at 10:39 AM

Hi Ward,

Here's the most basic newbie question you'll ever get about trusts. What is it?

Can you explain to me what exactly a trust is and how it works? How does it keep property private so that the government or others don't know that you own it? Is it totally legal? What are the down-sides to it?

Thanks,
Fred


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