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Homework answers / question archive / You have decided to invest $50 million of your winnings in safe and secure investment products - a wise move! You have also decided to set up a trust for the benefit of your family, friends, and/or charity

You have decided to invest $50 million of your winnings in safe and secure investment products - a wise move! You have also decided to set up a trust for the benefit of your family, friends, and/or charity

Law

You have decided to invest $50 million of your winnings in safe and secure investment products - a wise move! You have also decided to set up a trust for the benefit of your family, friends, and/or charity. Now you must answer the following questions as you draft your trust.

1) Who will benefit from the trust? 

2) Who will be the trustee or trustees?

3) How much money will you place in the trust? (You have $50 million at your disposal but need not include the entire amount)

4) What type of trust will you create?

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