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Trusts - Alaska Court System What is a trust? A trust is an agreement by the person who owns property (the "settlor") to give ownership of and control over the property to another person (the "Trustee") The Trustee agrees to manage the property for the benefit of one or more persons chosen by the settlor (the "beneficiaries")
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
Trusts | Definition, How It Works, Types, Benefits, Drawbacks Trusts are an essential tool in managing and protecting assets, and it's crucial to understand how they work Trusts are essential for estate planning They help ensure that assets are distributed according to the grantor's wishes and can help avoid the time-consuming and expensive probate process
Trust - Psychology Today 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
What Is a Trust? - Northwestern Mutual A trust lets a trustee hold assets on behalf of a beneficiary or beneficiaries Learn what a trust is, how it works, types of trusts and how to set up a trust