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What kind of trust can be opened after someone has passed away. What are the features of such a trust and can they shelter income?


The BIDaWIZ Team's Answer:

Are you referring to a trust that is created as a result of specific language in one's will? Meaning, the trust only becomes active as a result of the death of the individual? If so, this is a testamentary trust. This type of trust is useful for protecting a special needs beneficiary, creditor protection, charitable purposes, protecting assets & issues related to prior marriages.

The BIDaWIZ Team



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