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A trust is a right in an asset or a property, which is held in a fiduciary relationship by one entity for the benefit of another. The one who holds the title to the trust property is referred to as a trustee while the person who is entitled to receive benefits is deemed as beneficiary.
Estate planning can be fairly simple when two spouses are happily married and living together, provided that their financials are in order. However, when a couple is seeking to part ways, complexities may arise when planning their estate as there are additional factors that require consideration. Furthermore, if a married couple is opting for a