Account in trust(redirected from Account Held in Trust)
Account in trust
Account in Trust
An account at a bank, brokerage, or insurance company that is held by one person but managed by another. That is, while one person owns the account in trust, another (often a parent or guardian) manages it. Often, the account is only held in trust until certain conditions are filled. For example, a child may take control of an account in trust upon reaching age 18.