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The one particular establishing a trust is called the trustor or grantor. The 1 who oversees and manages the trust is known as the trustee. Within a revocable trust, the trustor may perhaps control the trust too, but in an irrevocable trust, the trustee needs to be any person else.
[ C ] a authorized arrangement wherein a person or Business controls assets and/or income for another person or Corporation:
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These examples are from corpora and from sources on the web. Any thoughts during the examples will not symbolize the impression in the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
A trust is one way to deliver for an underage beneficiary or a person who can't handle their funds on account of professional medical or other disorders. When the beneficiary is deemed effective at running their property, they'll acquire possession in the assets held in trust.
Each and every trust falls into six wide types—dwelling or testamentary, funded or unfunded, revocable or irrevocable.
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The cash that her father still left her is staying held/retained in trust (= currently being controlled) trust bet for her right up until she's thirty.
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