Examlex
Which of the following does NOT need to be documented?
Trustee
A person or entity given responsibility to manage property or assets on behalf of others, typically within a trust.
Estate
The collective assets, rights, and interests that a person owns at death, encompassing both real property and personal property.
Trust Instrument
A legal document that creates a trust, specifying the terms, trustees, beneficiaries, and purpose.
Trust's Purpose
The specific objectives or intentions for which a trust is established, guiding how the trust's assets are to be managed and used.
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