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A special needs trust is a type of trust that is set up to specifically handle the needs of a beneficiary that is considered disabled or mentally ill. It is similar to a regular trust and is managed by a person called a "trustee." The person that benefits from the...
An inter vivos trust, or rather, a living trust, is an arrangement created by an individual while he or she is still living that allows his or her affairs to be managed by someone else. An inter vivos trust is somewhat similar to how the contents of a will are...