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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. 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. Feb 28, 2025 · 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. The trustor's. Jun 30, 2025 · 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. A trust, sometimes called a trust fund or trust account, is a legal arrangement to ensure a person’s assets go to specific beneficiaries.

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). TRUST definition: reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. See examples of trust used in a sentence. Apr 16, 2024 · A trust designates asset management if you can't. This guide explains trusts - how they work, types, and steps to set one up to secure your estate. Jan 2, 2024 · Here’s an overview of how a trust works, which may not be as complicated as you think: A strong estate plan starts with life insurance. The trustmaker, called the grantor, trustor, or settlor,.