Keyword Analysis & Research: trust

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What does trust mean definition?

trust(noun) something (as property) held by one party (the trustee) for the benefit of another (the beneficiary) "he is the beneficiary of a generous trust set up by his father". reliance, trust(noun) certainty based on past experience.

What are the parts of a trust?

There are four important parts (or as it may be, people) in a revocable trust, including you (the grantor), a person who will distribute and manage the trust as required by the trust instrument (the trustee), the people who will receive benefits from the trust (the beneficiaries), and of course, the trust assets that you transfer into the trust.

What is the main purpose of a trust?

The purpose of a Trust is to create an "Artificial Legal Person" to protect, hold, and manage your private wealth for the benefit of your heirs. As in any contract, someone must initiate the contract (Grantor or Trustee). The contract (trust agreement) must specify the who, what, where, when, why, and other conditions.

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