Personal Trust

A trust created for a person or persons. Personal trusts can be used by wealthy or middle-class beneficiaries to accomplish a variety of financial objectives. Personal trusts are separate legal entities that have the authority to buy, sell, hold and manage property for the benefit of their beneficiaries.

Personal trusts can take many forms. They can be revocable or irrevocable, living or testamentary. They can fund education expenses, meet special needs of beneficiaries or allow them to avoid or reduce estate taxes. They can also be separate taxable entities or pass-through entities.


Investment dictionary. . 2012.

Look at other dictionaries:

  • personal trust — noun : a trust in which the beneficiary is an individual or individuals opposed to corporate trust …   Useful english dictionary

  • Personal trust — An interest in an asset held by a trustee for the benefit of another person. The New York Times Financial Glossary …   Financial and business terms

  • personal trust — An interest in an asset held by a trustee for the benefit of another person. Bloomberg Financial Dictionary …   Financial and business terms

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • trust — {{Roman}}I.{{/Roman}} noun 1 relying on sb/sth ADJECTIVE ▪ great ▪ They have placed great trust in him as a negotiator. ▪ absolute, complete, perfect, total ▪ …   Collocations dictionary

  • trust company — a company or corporation organized to exercise the functions of a trustee, but usually engaging also in other banking and financial activities. [1825 35, Amer.] * * * Company, often a commercial bank, acting as trustee for individuals and… …   Universalium

  • 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 (social sciences) — Trust is a relationship of reliance. A trusted party is presumed to seek to fulfill policies, ethical codes, law and their previous promises.Trust does not need to involve belief in the good character, vices, or morals of the other party. Persons …   Wikipedia

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

  • trust fund taxes — Taxes a company withholds from an employees paycheck, including Social Security and Medicare taxes and federal income (withholding) taxes. A trust fund recovery penalty can be assessed when a business doesn t pay these taxes to the Internal… …   Law dictionary

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