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Ruby gives Candy $30,000 cash to hold and invest for the benefit of Kirby. A trust is created, even though the words trust and trustee
Ruby gives Candy $30,000 cash to hold and invest for the benefit of Kirby. A trust is created, even though the words trust and trustee are NOT used in its creation. The trust property is transferred as a gift. Neither Candy nor Kirby has purchased the property, so neither of them pays for receiving it
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