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A trust is when one party (known as the trustor) gives a second party (the trustee) the job of holding property or assets for a third party (the beneficiary).
It's a great way to make sure money is set aside for another individual – like a child or grandchild – or to give back to your community or another cause that's important to you. Plus, establishing a trust account or policy may help prevent funds from being tied up in court after your death.
Neither State Farm® nor its agents provide tax or legal advice.
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in New York and Wisconsin)
Home Office, Bloomington, Illinois
IL - 27.6
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.