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- Trust (law) refers to a legal arrangement where:Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A trust is an arrangement under which a person holds property or assets for the benefit of others. The person holding the asset or property is the trustee. The people or companies for whose benefit it is held are the beneficiaries.www.lawsociety.com.au/for-the-public/know-your-ri…A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person.en.wikipedia.org/wiki/Trust_(law)A trust is a legally recognised relationship where one party holds property for the benefit of another party. The first party is known as the trustee, and the second party is known as the beneficiary. A trustee can be an individual, a group of people or a corporation.www.armstronglegal.com.au/commercial-law/natio…A trust is a legal arrangement in which you separate the ownership of your assets from the possession and management of those assets. You put assets into a trust, which becomes the legal owner of the money or property transferred into it. You name a beneficiary who the assets are intended to benefit.www.forbes.com/advisor/legal/estate-law/how-set-…Trust law is a body of legal statutes and regulations governing the creation, operation, and termination of trusts. A trust, in turn, is a formal arrangement in which a trustee holds property or assets on behalf of one or more beneficiaries.www.contractscounsel.com/b/trust-law
trust | Wex | US Law | LII / Legal Information Institute
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