Saturday, October 13, 2012
Trust
Trust comes in two forms. One is emotional and the other is monetary. The first type of trust means you have faith in someone or something. You feel confident that your judgement is good and you do not have to second guess the person or situation. The second type of trust means you do not really trust in the person or situation. That is the monetary one. There are a few kinds of trusts. One kind is when you put money away for an underage person. Sometimes they cannot have access to it until they are 21. Sometimes the age of access is 30 or over. What you are saying is that the money that legally belongs or will belong to someone is not readily theirs because you do not trust their judgement. With the elderly population they have the choice of two types of trusts. Each type has benefits. In this case, people are not trusting that the government will be fair when they are gone. They do not trust that outsiders will have their best interests at heart so they lock up their money in a trust. Trust is a word that has two meanings on opposite ends of the spectrum.
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