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Mailbag: incl. What do you want in life? July 16, 2023

Motley Fool Money

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The Pros and Cons of Setting Up a Trust

"I don't think it's actually helped me too much. The pros aren't as pro-y as they used to be," he says of trusts. "You can use a trust for asset protection so that any... If you happen to be in a business where you're likely to get sued by customers or for whatever other reason, if Andrew was sued, the assets of his trust are separate to Andrew personally."

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