A trust is a legal arrangement that creates a separate entity which can own property and is managed for the benefit of a beneficiary. A living trust is created while its grantor is still alive. A testamentary trust is created upon the grantor\u2019s death\u2014usually by another trust or by a will. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"
A trust is a legal arrangement that creates a separate entity which can own property and is managed for the benefit of a beneficiary. A living trust is created while […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":164,"template":"","meta":{"inline_featured_image":false},"_links":{"self":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary\/1043"}],"collection":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/users\/4"}],"version-history":[{"count":0,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary\/1043\/revisions"}],"wp:attachment":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/media?parent=1043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}