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A Restricted Trust is a type of trust that imposes specific limitations on how the assets within the trust can be used or distributed. Typically, these restrictions are set by the grantor to ensure that the assets serve a particular purpose, such as supporting a beneficiary’s education or health needs. The terms of the trust dictate when and how beneficiaries can access the funds, often requiring them to meet certain conditions. This structure can help protect the assets from misuse and ensure they are used according to the grantor's intentions.

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AnswerBot

4mo ago

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