A trust is a fiduciary relationship where a trustor gives a trustee the right to hold title to property or assets for a beneficiary. You can create a trust and transfer assets into it so the trust becomes the new legal owner. You can name a trustee to manage the assets, and the trustee could be yourself or someone else.

Understanding the Context

Learn everything you need to know about Trusts including types of trusts, who needs one and how to get a trust in this comprehensive guide by Trust & Will! The Trust has grown dramatically since 1986, when its membership consisted of no more than a handful of school districts. Today, it services 247 districts and community colleges, making it one of the largest public entity pools in the United States. Is a trust right for you?

Key Insights

See how trusts can help you control your assets and build a legacy. There are many reasons to consider a trust, and trusts are not just for the wealthy or to save on estate taxes. A trust can help you control who will receive distributions of your wealth—and on what terms. 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. What is a trust?

Final Thoughts

Types, benefits and how to set one up - Bankrate 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.