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the beneficiary in a trust is the person whom benefits from that which is held in trust.

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the beneficiary in a trust is the person whom benefits from that which is held in trust.

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A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.

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If the trust is a spendthrift trust, then no, the beneficiary probably cannot borrow against it. It is up to the lender.

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Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.

Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.

Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.

Yes. A properly drafted trust shields the beneficiary from being personally liable for lawsuits involving the trust property.

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Not if the trust was properly drafted by a professional.

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