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Family Trust

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Family Trust
A trust into which the trustor places assets to be distributed to children following his/her death. Specifically, a family trust does not name the trustor's spouse as a beneficiary. See also: Q-TIP.
family trust
A trust established for the purpose of passing assets to children or other heirs rather than to a surviving spouse. See also sprinkling trust.
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The family trust provides Katherine Jackson, 79, with 40 percent of the estate, the singer s three children with other 40 percent and childrenEoe1/4aos charities with 20 percent.
Judge allows Jackson mom to challenge over estate by Times of Oman (Muscat, Oman)
MICHAEL Jackson's seven-year-old will, published yesterday, gives his entire estate to a family trust but cuts out his former wife Debbie Rowe.
Jackson leaves all to family by Daily Post (Liverpool, England)
said that Gary Pruitt, the company's chairman and chief executive, has resigned from the McClatchy family trusts that control the company.
PRUITT QUITS McCLATCHY FAMILY TRUSTS by NewsInc
 
 
 
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