A Trust is 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.

A trust is a legal setup where assets are held for someone by a trustee.

What is a trust quizlet? A trust is a setup where assets are managed by a trustee for the benefit of someone else.

What is the definition of a trust? A trust is a fiduciary arrangement where one party holds and manages assets for the benefit of another.

Is a trust a fiduciary? Yes, a trust is a fiduciary setup where one party, the trustee, manages assets for another party, the beneficiary, with a duty to act in their best interest.

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A trust provides a safe way to manage and protect assets for beneficiaries.

A trust provides a secure method to manage and protect assets for beneficiaries.