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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 - 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
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 Definition Meaning | Britannica Dictionary TRUST meaning: 1 : belief that someone or something is reliable, good, honest, effective, etc ; 2 : an arrangement in which someone's property or money is legally held or managed by someone else or by an organization (such as a bank) for usually a set period of time