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People who desire to have control over what happens to their wealth, their assets and their estate after they die often take out trusts with trust companies. Banks sometimes act as trust companies. Independent partnerships sometimes act as trust companies. Law firms sometimes act as trust companies. Some trust companies offer wealth management services and trusts can be important parts of managing one's wealth. Some trust companies provide investment management services. Most trust companies can organize both revocable trusts and irrevocable trusts for their clients. Trust companies act as trustees for a trust. Trust companies can also act as executor of last wills and testaments for their clients. When someone takes out a trust they name a benefactor who will get the assets in the trust if the conditions of the trust are met.
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