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    A trust is a legal arrangement where:
    1. A trustor gives another party, known as the trustee, the right to hold title to property or assets for the benefit of a third party.
    2. The trustee manages assets for the benefit of beneficiaries named in the trust.
    3. Trusts can hold different assets, such as real estate, businesses, cash, stocks, and other personal property.
    4. Trusts can be used for estate planning, asset management, and achieving specific goals.
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