A trust is a legal vehicle that allows a third party — a trustee — to hold and direct assets in a trust fund on behalf of a beneficiary. A trust is one way to provide for an underage beneficiary. Once the beneficiary is deemed capable of managing their assets, they will receive possession of the assets held in trust.
The meaning of TRUST is assured reliance on the character, ability, strength, or truth of someone or something. How to use trust in a sentence. A trust is a legal arrangement for the transfer of property by a grantor to a trustee for the benefit of one or more beneficiaries. There are many types of trusts to consider, each designed to help achieve a specific goal.
trust fund define, What is a trust? Types, benefits and how to set one up - Bankrate A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. A trust is a legal arrangement that allows you to separate who owns a given asset from who controls it and who uses it. Online and do-it-yourself options walk you through how to set up a trust. Revocable trust, irrevocable trust, living trust, or testamentary trust, all options are available to people from all economic strata.
