| trust |
A legal agreement by which something of value is owned by a person or persons for the benefit of another. In practice, this means that a person transfers assets to a trust, which, for tax purposes, is a separate legal entity (this is not true, however, for revocable trusts).
Ãâó: www.foundation.csulb.edu/fndgrant/sections/GLFEB97...
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| trust |
A right to or in property held for the benefit of another. A trust may be written or implied. An implied trust is called a Constructive Trust.
Ãâó: marcelpolderman.com/reterms.htm
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| trust |
A fund established under local trust law to hold and invest the assets of a plan.
Ãâó: www.asppa.org/resources/res_news_glossary.htm
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| trust |
Assets that are administered by one individual or entity for the benefit of another. Trusts are often set up for tax benefits or asset protection.
Ãâó: www.retirement-solutions.net/term.html
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| trust |
A legal arrangement in which one person (the settlor) transfers legal title to a trustee (a fiduciary) to manage the property for the benefit of a person or institution (the beneficiaries).
Ãâó: www.rbcinvestments.com/ds/gloss.html
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