In simple terms, being the beneficiary means you receive the benefits of the trust, which is different from the trustee’s role. When setting up a trust, it’s important to understand three key terms: settlor (or creator), trustee, and beneficiary. The settlor creates the trust, the trustee manages it, and the beneficiary benefits from its assets.
This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues.
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