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Trusts Are NOT just for the wealthy! 7 common situations where trusts are used by the average person

When you hear the term "trust", or hear someone talking about setting up a trust, or having a trust, or being a trust beneficiary, what thought comes to mind? That the person must be wealthy, right? While trusts are often a common tool in estate planning for the wealthy, they are much more common, and much more practical and useful, than you might ever think for the average person.

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