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

Each trust falls into six broad categories Trusts are essential for estate planning Living or testamentary, funded or unfunded, revocable or irrevocable

A trustor creates a trust with the help of an attorney

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

Learn more about what a trust is and how it works Explore trust basics, key roles, and the benefits provided by different types of trusts Trust—or the belief that someone or something can be relied on to do what they say they will—is a key element of social relationships and a foundation for cooperation. In simple terms, a trust is a legal document that governs your wishes for how and when to transfer your assets, including sentimental items, to your loved ones or charitable organizations.

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). Trusts are an essential tool in managing and protecting assets, and it's crucial to understand how they work

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