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A trust is a fiduciary relationship where a trustor gives a trustee the right to hold title to property or assets for a beneficiary.
A trust is a legal vehicle that allows a third party — a trustee — to hold and direct assets in a trust fund on behalf of a beneficiary.
What is a trust? Types, benefits and how to set one up - Bankrate
Is a trust right for you? See how trusts can help you control your assets and build a legacy. There are many reasons to consider a trust, and trusts are not just for the wealthy or to save on estate taxes. A trust can help you control who will receive distributions of your wealth—and on what terms.