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mwd44

09/13/24 4:13 PM

#734172 RE: lodas #734132

While the statement made by Rosen is true, it is also misleading. The
misleading portion is contained in the word "held." Here's why. Safe Harbor Assets are held in a Trust. When assets are placed in a Trust ownership is turned over to the Trustee. The prior owner becomes a beneficiary of the Trust. Hence, they no longer "hold/own" the assets.