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The Power of Trusts
Trusts are powerful because so many goals can be achieved in one legal document. For example, estate taxes can be avoided or minimized; probate administrations eliminated; underage beneficiaries can be protected as well as a person who is receiving public benefits because of a disability. The power of trusts is also in their flexibility and/or when “bells and whistles”, special instructions, are needed, as long as the directions can be stated in clear terms and the trustee can legally perform those directions
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