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In every trust, there are two positions that matter: The Trustee, who works. The Beneficiary, who receives. The Trustee holds legal title—duty and liability. The Beneficiary holds equitable title—enjoyment and profit. When roles are reversed, labor flows upward and benefit flows away. A trustee cannot also be the beneficiary. The roles are mutually exclusive. If you’re paying the debt, you’re operating as Trustee. If you’re receiving the benefit, you’re operating as Beneficiary. Understand the s
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