Trust Property


Trust Property

Assets that have been placed into a fiduciary relationship between a trustor and trustee for a beneficiary. Trust property may include any type of asset, such as cash, securities, real estate or life insurance policies.

Also be called "trust assets", "principal" or "trust corpus".

Trusts are an estate planning tool used to facilitate the transfer of assets and to reduce tax liability. Some trusts can also protect assets in the event of a bankruptcy or lawsuit. Trusts help to preserve the full value of assets and ensure that those assets are distributed to their intended recipients. The trustee is required to manage the trust property in accordance with the trustor's wishes, the beneficiary’s best interests and the rules of the specific type of trust that has been established.


Investment dictionary. . 2012.

Look at other dictionaries:

  • trust property — England, Wales The assets given by a settlor to a trust (and the assets that from time to time represent them) to be held by the trustee under the terms of the trust, including any accumulated income. Practical Law Dictionary. Glossary of UK, US… …   Law dictionary

  • trust property — The property which is the subject matter of the trust. The trust res (q.v.). See also principal …   Black's law dictionary

  • trust property — noun : property held in or subject to a trust …   Useful english dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… …   Wikipedia

  • Trust — Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on the… …   The Collaborative International Dictionary of English

  • Trust deed — Trust Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on… …   The Collaborative International Dictionary of English

  • property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …   Law dictionary

  • trust of land — A trust of property that consists of, or includes, land (section 1(1)(a), Trusts of Land and Appointment of Trustees Act 1996) (TLATA). Trusts of land can be express, implied, resulting or constructive. If the trust property includes land, the… …   Law dictionary

  • trust for bereaved minors — England, Wales A trust for the benefit of a person aged under 18, at least one of whose parents has died, and who will become absolutely entitled to the whole of the trust property on or before his 18th birthday (section 71A, Inheritance Tax Act… …   Law dictionary


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