Legal glossary
What is Legal Terms - Trust?
Legal Terms - Trust — Trust information: The enforceable right to the beneficial use or enjoyment of particular and specific property, the legal title of which is actually vested in another. A trust is created by a settlor who requests a third party (the trustee) hold and manage the trust property for the benefit of who the settlor intends (the beneficiary). Trusts must involve specific property and be created for a…
Trust information: The enforceable right to the beneficial use or enjoyment of particular and specific property, the legal title of which is actually vested in another. A trust is created by a settlor who requests a third party (the trustee) hold and manage the trust property for the benefit of who the settlor intends (the beneficiary). Trusts must involve specific property and be created for a lawful purpose.