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[ C ] a lawful arrangement during which someone or Business controls property and/or cash for another man or woman or Group:
The 1 establishing a trust is known as the trustor or grantor. The a person who oversees and manages the trust is called the trustee. Within a revocable trust, the trustor may well Management the trust at the same time, but in an irrevocable trust, the trustee should be somebody else.
Planning for incapacitation. In case you’re diagnosed with a debilitating condition, you can get issues to be able before you’re unable to accomplish that. When that working day comes, the successor trustee can take more than managing the trust belongings in your case.
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Intelligent Vocabulary: related text and phrases Trusting and not trusting (you can) count on/upon it idiom settle for/get some thing on religion idiom bank financial institution on somebody/some thing feel trust bet have confidence in anything distrust distrustful distrustfully have religion!
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