Trust


Trust
A fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.

There are two types of trusts:
1. Living Trust (inter-vivos): A trust that is in effect during the trustor's lifetime.
2. Testamentary Trust: A trust that is created through the will of a deceased person.

For example, a trust can be used if a beneficiary is under age or has a mental disability that impairs the person's ability to maintain his or her own finances. Once the beneficiary is deemed able to manage the funds or assets by the terms dictated under the trust, the beneficiary will receive possession of the trust. The trust is taxed on any funds not distributed to the beneficiary.


Investment dictionary. . 2012.

Synonyms:

Look at other dictionaries:

  • 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 — Le trust est la forme primitive de concentration monopoliste des entreprises aux États Unis. Son nom vient d’une technique juridique anglaise, utilisée à l’origine pour faciliter cette concentration. La technique a été rapidement abandonnée; le… …   Encyclopédie Universelle

  • Trust — may refer to:* Trust (social sciences), a relationship of reliance. ** Trust Fall, a trust building game.In law: * Trust law, where money or property is owned and managed on behalf of another * Escrow, where a thing is held in trust until… …   Wikipedia

  • Trust? — Saltar a navegación, búsqueda Trust Información personal Origen  Francia …   Wikipedia Español

  • 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 — [trust] n. [ME < ON traust, trust, lit., firmness < IE * drou sto < base * deru , tree > TREE, TRUE + sto , standing < base * sta , to STAND] 1. a) firm belief or confidence in the honesty, integrity, reliability, justice, etc. of… …   English World dictionary

  • Trust — 〈[ trʌ̣st] m. 6〉 Zusammenschluss mehrerer Unternehmungen od. Firmen zu einem Großunternehmen unter Verlust ihrer Selbstständigkeit [engl. <mengl. trust, trost <anord. traust „Vertrauen, Zuversicht“; → Trost] * * * Trust [trast, trʌst ,… …   Universal-Lexikon

  • Trust — Trust, v. i. 1. To have trust; to be credulous; to be won to confidence; to confide. [1913 Webster] More to know could not be more to trust. Shak. [1913 Webster] 2. To be confident, as of something future; to hope. [1913 Webster] I will trust and …   The Collaborative International Dictionary of English

  • Trust — Trust, v. t. [imp. & p. p. {Trusted}; p. pr. & vb. n. {Trusting}.] [OE. trusten, trosten. See {Trust}, n.] 1. To place confidence in; to rely on, to confide, or repose faith, in; as, we can not trust those who have deceived us. [1913 Webster] I… …   The Collaborative International Dictionary of English

  • Trust — steht für: Trust (Recht), Güter und Vermögensverwaltung (Trustrecht) Trust (Wirtschaft), Zusammenschluss mehrerer Unternehmer unter Aufgabe ihrer wirtschaftlichen und rechtlichen Selbständigkeit Trust (Unternehmen), Hardwarehersteller mit Sitz in …   Deutsch Wikipedia

  • trust — TRÚST, trusturi, s.n. Monopol în cadrul căruia proprietatea asupra unor întreprinderi este unificată, proprietarii lor devenind acţionari, iar producţia şi finanţele întreprinderilor respective fiind reglementate de un consiliu de administraţie.… …   Dicționar Român


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