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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. Feb 28, 2025each trust falls into six broad categories:

A trustor creates a trust with the help of an attorney. 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.

Jun 30, 2025a 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. Aug 7, 2025a trust, sometimes called a trust fund or trust account, is a legal arrangement to ensure a person’s assets go to specific beneficiaries. Jul 25, 2025a trust is a legal document that creates a virtual container for money and property.

These assets are managed by a trustee (an institution or person) for the benefit of another (the beneficiary).. We were obviously wrong to put our trust in her. He's in a position of trust (= a position with responsibilities, especially to the public).

Jan 5, 2026online and do-it-yourself options walk you through how to set up a trust. Revocable trust, irrevocable trust, living trust, or testamentary trust, all options are available to people from all. 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.