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Private \/ Personal Trust Services (Private Purpose Trust, Takaful & Insurance Trust, Business Succession Trust)<\/h3>
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A <\/span>Private <\/span>\/\u00a0<\/span>Personal<\/span>\u00a0<\/span>trust<\/span>\u00a0is a\u00a0<\/span>trust<\/span>\u00a0that an individual creates, formally naming themselves as the beneficiary.\u00a0<\/span>Private \/ Personal<\/span>\u00a0<\/span>trusts<\/span>\u00a0are separate legal entities that have the authority to buy, sell, hold, and manage property for the benefit of their\u00a0<\/span>settlor.<\/span><\/p>\u00a0<\/span><\/p>Private\/ Personal trusts, which can be revocable\u00a0or irrevocable, living or testamentary, may be used to fund worthy causes such as higher education, while simultaneously helping to reduce or eliminate estate taxes.<\/span><\/p>\u00a0<\/span><\/p>A private \/ personal trust can provide a range of benefits which may include:<\/span><\/p>\u00a0<\/span><\/p>1. Reducing estate taxes and providing liquid assets to help pay for them<\/span><\/p>2. Providing for minor children or family members who are unable to handle financial matters wisely<\/span><\/p>3. Providing for the charities that you care about<\/span><\/p>4. Providing for a child\u2019s or grandchild\u2019s education or an elderly relative<\/span><\/p>5. Using a corporate trustee that provides professional management of personal assets like investments and real estate, should you\u00a0become unable to handle them and after you are gone.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t