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A deed of trust places specifically defined property (real estate, securitties, bank accounts) of one person (called grantor or settlor) in trust for benefit of another person or persons (called beneficiaries). Whether or not a trust can be overturned (the correct legal term is "revoked") is up to the grantor. A trust can be set up as either revokable or irrevocable.

Does the trust have to be on the title? Yes, if the property is transferred into trust, since trust becomes the legal owner.

2006-08-09 06:00:07 · answer #1 · answered by NC 7 · 0 0

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