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These examples are from corpora and from sources on the net. Any viewpoints within the examples never signify the impression of your Cambridge Dictionary editors or of Cambridge College Press or its licensors.

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When They may be commonly connected to the idle wealthy, trusts are remarkably versatile instruments that may be useful for numerous uses to achieve particular ambitions.

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A trust, at times termed a trust fund or trust account, is really a authorized arrangement to guarantee a person’s assets head to precise beneficiaries. The trust bet trust creator places belongings within the trust account and authorizes a trustee to administer Individuals assets for that trust creator or beneficiaries.

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Groups of Trusts Though there are lots of differing kinds of trusts, Every single fits into one or more of the subsequent classes:

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