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Legal Terms - Active Trust
An active trust, also known as a special trust, refers to a type of trust that involves ongoing management and decision-making by the trustee. A trust that imposes additional responsibilities on the trustee beyond simply transferring the trust property to the rightful beneficiary (in contrast to a bare trust). These responsibilities may entail a certain set of obligations.The trustee may have a responsibility or be granted discretion
An active trust, also known as a special trust, refers to a type of trust that involves ongoing management and decision-making by the trustee. A trust that imposes additional responsibilities on the trustee beyond simply transferring the trust property to the rightful beneficiary (in contrast to a bare trust). These responsibilities may entail a certain set of obligations.The trustee may have a responsibility or be granted discretion
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