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Who is the beneficiary of my Trust account?

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Written by Support

A beneficiary of a trust refers to the individual or group for whom a trust is established. The trust’s creator, known as the Settlor, designates the beneficiaries and appoints a trustee. The trustee is responsible for overseeing the trust assets and has a fiduciary obligation to act in the best interests of the beneficiaries, as outlined in the trust document.

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