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Trust

A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor.

Trust

1. A relationship in which one party, known as the trustor, gives to a person or organization, known as the trustee, the right to hold and invest assets or property on behalf of a third party, known as the beneficiary. Most trusts exist to provide for the financial future of a minor child or mentally incompetent person. Trusts may also be set up to benefit charitable organizations. The trust agreement indicates at what time, if any, the beneficiary takes direct control of the assets. The beneficiary often receives disbursements to meet basic expenses until the time comes when the beneficiary takes control. Trusts are taxed on all money not given to the beneficiary. See also: Escrow, Charitable trust.

2. See: Monopoly.

trust

A legal arrangement whereby control over property is transferred to a person or organization (the trustee) for the benefit of someone else (the beneficiary). Trusts are created for a variety of reasons, including tax savings and improved asset management. See also charitable lead trust, charitable remainder trust, Clifford trust, marital-deduction trust, QTIP trust.

Trust.

When you create a trust, you transfer money or other assets to the trust.

You give up ownership of those assets in order to accomplish a specific financial goal or goals, such as protecting assets from estate taxes, simplifying the transfer of property, or making provision for a minor or other dependents.

When you establish the trust, you are the grantor, and the people or institutions you name to receive the trust assets at some point in the future are known as beneficiaries. You also designate a trustee or trustees, whose job is to manage the assets in the trust and distribute them according to the instructions you provide in the trust document.

trust

  1. a collection of ASSETS held and managed by appointed trustees on behalf of an individual or group of people. Trusts are often established to minimize the amount of INCOME TAX and WEALTH TAX an individual or group is required to pay. See TRUSTEE INVESTMENTS.
  2. see UNIT TRUST.
  3. an alternative term for a CARTEL (most commonly used in the USA).

trust

  1. ASSETS held and managed by trustees on behalf of an individual or group. While these assets are held in trust, the beneficiaries have no control over the management of them. In the UK, trusts have been used extensively to minimize the effects of income and wealth taxes.
  2. (formerly, in the USA) a means of organizing CARTELS, provoking the establishment of anti-trust (anti-monopoly) legislation.

trust

The practice of one party holding legal title to real property or other assets for the benefit of someone else,called the beneficiary.The one with the legal title is called the trustee.The person or entity that set up the trust is called the trustor.Trusts are extremely important in tax and estate planning but should almost never be established without the assistance of a tax attorney who is well skilled in the area. A very slight deviation from the format acceptable to the IRS could prove disastrous.

Trust

A tax entity created by a trust agreement. This entity distributes all or part of its income to beneficiaries as instructed by the trust agreement. This entity is required to pay taxes on undistributed income
References in periodicals archive ?
Keywords: Group Buying, Trust triggers, Appearance features, Trustworthiness, Indian websites.
ABOUT BBB WISE GIVING ALLIANCE: BBB Wise Giving Alliance (BBB WGA) is a standards-based charity evaluator that seeks to verify the trustworthiness of nationally-soliciting charities by completing rigorous evaluations based on 20 holistic standards that address charity governance, effectiveness reporting, finances, fundraising, appeal accuracy, and other issues.
Simply put, the goal of cybersecurity is to assure the trustworthiness, security and resiliency of software components, systems and systems of systems of all kinds, including those used in national defense and the nation's critical infrastructure.
Keywords International joint ventures * Inter-organizational relationships * Perceived trustworthiness ?
According to the study, that the brain automatically responds to a face's trustworthiness before it is even consciously perceived, which might be the reason behind why we form spontaneous judgments of other people that can be largely outside awareness.
TEHRAN (FNA)- Our brains are able to judge the trustworthiness of a face even when we cannot consciously see it, a team of scientists has found.
without explicit attempts to disentangle their effects precisely (see, however, some works on trustworthiness perception--Flowe 2012, Oosterhof and Todorov 2008, 2009).
Just like adults, children as young as age three tend to judge traits like trustworthiness and competence simply by looking at the person's face, research shows.
This project is of major strategic and energy importance because the capacities for transfer of electrical energy and systems' trustworthiness are increased," MEPSO said.
We've coined the term "trustability" to encapsulate this new form of Extreme Trust, and what we mean by trustability is very simple: "proactive trustworthiness.
Specifically, this study examined the consequence of having an arrest record or identifying as a gay or lesbian athlete on the perceived endorser characteristics of expertise, attractiveness, trustworthiness, and the impact on endorser-product fit.
Surveys have found that a company's financial performance is no longer correlated with trustworthiness.