Question

What is Trust? how many types of trust are there? (hindi meaning- विश्वास)

Answer 1

Explanation:

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.

There are 3 types of trust:

※Revocable Trusts.

※Irrevocable Trusts.

※Testamentary Trusts.

Answer 2

Answer:

The four main types are living, testamentary, revocable and irrevocable trusts.

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