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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
What Is a Trust Fund and How Does It Work? - LegalClarity A trust fund is a formal legal arrangement where one party holds assets for the benefit of another This structure is established by a written document that dictates precisely how the assets are to be managed and eventually distributed US-based individuals primarily use trusts for estate planning, securing assets, and maintaining control over how wealth is passed to subsequent generations
Trusts: A Guide to Types, Purposes and Tax Benefits | Thrivent Trusts can play a key role in estate planning and wealth transfer, even if you’re not wealthy You can use trusts to support your goals, minimize taxes and ensure your assets are distributed in accordance with your wishes Your financial advisor, estate attorney and trust professional can help you choose the right type of trust, guide you through funding and administration, and ensure your
How to Set Up a Trust: A Comprehensive Guide for 2025 - LegalZoom Online 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 economic strata
trust | Wex | US Law | LII Legal Information Institute 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
What Is a Trust? - Northwestern Mutual A trust lets a trustee hold assets on behalf of a beneficiary or beneficiaries Learn what a trust is, how it works, types of trusts and how to set up a trust