Define the Following Terms

question 1

Short Answer

Define the following terms
-maturation effect

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Definitions:

Express Trust

A trust explicitly created by a trustor, typically in written form, specifying the beneficiary and terms of the trust.

Estate Plan

A comprehensive approach to managing an individual's assets and financial affairs during their lifetime and distributing assets upon their death.

Beneficiaries

Individuals or entities designated to receive benefits or assets from wills, trusts, insurance policies, or other instruments.

Assets Inventory

A detailed list of an entity's possessions, including property, stock, and other valuables, often used for legal, financial, or insurance purposes.