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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. 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. 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.

Oct 10, 2025 · It’s used to decide how a person’s money is managed and distributed, typically after they die. A trust can hold cash and a variety of financial assets: savings accounts, stocks, property,. Jan 26, 2026 · Discover what type of trust—revocable, irrevocable, living, or testamentary—is right for you and how to set it up. TRUST definition: reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. See examples of trust used in a sentence.