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How to use trust in a sentence. 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. Each trust falls into six broad categories
Living or testamentary, funded or unfunded, revocable or irrevocable A trustor creates a trust with the help of an attorney 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. 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.
Trust accounts can hold bank accounts, houses, cars or other assets. 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). If you trust in someone or something, you believe strongly in them, and do not doubt their powers or their good intentions.
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 The person who transfers the property into the trust is known as the grantor or settlor. Our services include trust management, estate administration and serving under a durable power of attorney for finances.
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