A trust is a relationship where property is held by one party for the benefit of another. It is created by a settlor, who transfers some or all of his or her property to a trustee. The trustee holds that property for the trust’s beneficiaries. Trusts are frequently created in wills, defining how money and property will be handled for children or other beneficiaries.
Here on LawServer you’ll find articles about trusts, relevant state laws about trusts, and related legal Questions & Answers.