Trusts facilitate the transfer of property and the income from that property to another party.

Question

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Trusts are legal arrangements in which a property owner transfers ownership of their property to a trustee, who manages the property for the benefit of a beneficiary. The income generated by the property is then distributed to the beneficiary or beneficiaries according to the terms of the trust. Therefore, trusts facilitate the transfer of property and income from the property to another party.

Trusts Facilitate the Transfer of Property and the Income from That