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The Benefits of a Unitrust

Some estate plans feature a trust under will that is created to provide an individual with a steady stream of money and, upon the death of that individual, distribute what is left in the trust to another individual. For example, a husband, in his will, may want to create a trust to provide his second wife with periodic payments for the rest of her life and, at her death, have whatever is left in the trust distributed to his children from his first marriage. A historically common way to do this is to instruct the trustee to pay the…

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