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What Is A Trust? - Fidelity 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 and when the assets pass to the beneficiaries
TRUST Definition Meaning - Merriam-Webster 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
We Asked Our Experts: Do You Need a Trust? | Charles Schwab A trust is a fiduciary arrangement that specifies how your assets are to be distributed, usually without the involvement of a probate court They can be structured to take effect before death, after death, or in case of incapacitation In contrast, wills take effect only upon death and typically need to be authenticated by a probate court, which can take time and involve additional costs
trust | Wex | US Law | LII Legal Information Institute 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 beneficiary The person who transfers the property into the trust is known as the grantor or settlor
What Is a Trust and How Does It Work? | Ally It’s used to decide how a person’s money is managed and distributed, typically after they die A trust can hold cash and a variety of financial assets: savings accounts, stocks, property, collectables, other investments — whatever they want to leave to their beneficiaries
Trust Law - FindLaw A trust can replace or supplement a will, as well as help manage property during your life A trust manages the distribution of a person’s property by transferring its benefits and obligations to different people