executed trust
- A type of trust where the trustee's only duties are to protect the property and fulfill the trust's purpose
- The estate lawyer informed the family that their grandmother had left them an executed trust.
- The terms of the executed trust were clear, leaving the trustee with simple duties of preserving the property without the need for further action.
- Despite the complexity of the estate, the executed trust was straightforward, making it easier for all parties involved.
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