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Coming back to the topic, a trust account, also known as a trust fund, is governed by a trust agreement that determines how assets are handled for the benefit of the or persons. The assets may be in the form of money, real estate, shares, bonds or life insurance.
Long Term Care
Although he had done well at work, saving money on health care for himself, he failed to set aside money for a long-term care policy that would have paid for his health care needs, had his legs been cut off. He could not afford to make this investment.