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The process for establishing a living trust is to that an individual transfers title of his assets from himself as grantor, to a trustee of the trust (often the trustee and grantor are the same person). The trustee is to administer the trust for the benefit of himself and at least one other person. Depending on the size of the trust, it may be advisable to use a corporate trustee such as a bank, which can act in perpetuity, where an individual cannot.
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