A trust is a legal arrangement where one person gives legal ownership of property to a second person who is responsible for managing the property for the benefit of a third person.

There are three parties to a revocable trust, the settlor, trustee, and the beneficiary. Typically you fill all three roles, although there may be circumstances when you would not want to serve in …

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in may ways and can specify exactly how …

Feb 28, 2025 · Each trust falls into six broad categories: living or testamentary, funded or unfunded, revocable or irrevocable. A trustor creates a trust with the help of an attorney. The …

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.

Jun 30, 2025 · 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 a form of division of property rights and a fiduciary relationship, in which ownership of assets goes to a third party, known as a trustee, and the beneficial enjoyment goes to the …

Jul 20, 2025 · A trust is a legal arrangement that allows you to transfer property to be managed by a trustee for the benefit of yourself or others, known as beneficiaries. Establishing a trust in …

Aug 7, 2025 · A trust, sometimes called a trust fund or trust account, is a legal arrangement to ensure a person’s assets go to specific beneficiaries.

We were obviously wrong to put our trust in her. He's in a position of trust (= a position with responsibilities, especially to the public).