The person who creates a trust, known as a trustor, has to decide what property to transfer into the trust’s name. All trusts own property. This property, referred to as the trust corpus, can be almost anything you like, as long as you make sure to properly transfer it into the trust’s name. (This is known as funding the trust. Once transferred, the trust will become the new owner of that property, and will use it in accordance with the terms the trustor establishes when he or she creates the trust instrument.
Topics covered in this report include:
- The Trust Corpus
- The Trustee
- The Caregiver
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