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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 He's in a position of trust (= a position with responsibilities, especially to the public). Trusts can be arranged in may ways and can specify exactly how and when the assets pass to the beneficiaries.

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Each trust falls into six broad categories We were obviously wrong to put our trust in her 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 vehicle that allows a third party — a trustee — to hold and direct assets in a trust fund on behalf of a beneficiary. 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. A trust, sometimes called a trust fund or trust account, is a legal arrangement to ensure a person’s assets go to specific beneficiaries.

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.