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What Is A Trust? - Fidelity 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
Trust - Psychology Today Trust—or the belief that someone or something can be relied on to do what they say they will—is a key element of social relationships and a foundation for cooperation
What is a trust? | Wells Fargo Advisors A trust is a legal arrangement involving three parties: Grantors: The person or people establishing and putting assets in the trust—often a parent, grandparent or other relative A trustee: The grantor, a person trusted by the grantor, or an institution named by the grantor who administers the trust for the benefit of the beneficiary
Trusts | Definition, How It Works, Types, Benefits, Drawbacks What Is a Trust? A trust is a legal arrangement that allows individuals or entities to manage their assets and distribute them to beneficiaries It involves three parties: the grantor, who creates the trust; the trustee, who manages the trust assets; and the beneficiaries, who receive the trust assets