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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 (law) - Wikipedia A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person
Trust Basics: What Is It, Types of Trusts, Beneficiaries A trust is a fiduciary 1 relationship in which one party (the Grantor) gives a second party 2 (the Trustee) the right to hold title to property or assets for the benefit of a third party (the Beneficiary)
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
What is a trust? | Wells Fargo Advisors A trust is a legal arrangement involving three parties: Grantors: The person or people establishing and putting assets in the trust—often a parent, grandparent or other relative A trustee: The grantor, a person trusted by the grantor, or an institution named by the grantor who administers the trust for the benefit of the beneficiary