In trust financial definition of in trust
https://financial-dictionary.thefreedictionary.com/in+trust
Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 12,587,703,714 visitors served
Search / Page tools
?
Keyboard
  • A
  • A
  • A
  • A
Language:
Share on Facebook Twitter
Get our app
Flashcards ?
My bookmarks ?
+ Add current page to bookmarks
9
Register Log in
Sign up with one click:
  • Facebook
  • Twitter
  • Google
Share on Facebook
Get
our app
  • Dictionary
  • Thesaurus
  • Medical
    Dictionary
  • Legal
    Dictionary
  • Financial
    Dictionary
  • Acronyms
  • Idioms
  • Encyclopedia
  • Wikipedia
    Encyclopedia
Tools
  • A
  • A
  • A
  • A
Language:
Mobile Apps:
  • apple
  • android
For surfers:
  • Free toolbar & extensions
  • Word of the Day
  • Help
For webmasters:
  • Free content
  • Linking
  • Lookup box
Close

trust

(redirected from in trust)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to in trust: held in trust

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

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).
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

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
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content.

Link to this page:

  • Facebook
  • Twitter
Feedback
Flashcards & Bookmarks ?
Please log in or register to use Flashcards and Bookmarks. You can also log in with
  • Facebook
  • Twitter
  • Google+
Flashcards ?
My bookmarks ?
+ Add current page to bookmarks
Mentioned in ?
  • Account in trust
  • Accumulation Trust
  • Alaska Native Settlement Trust
  • Alaska Trust Act
  • Alimony Substitution Trust
  • all-inclusive deed of trust
  • Americus Trust
  • Approved Deferred Share Trust
  • Association of Investment Trust Companies
  • Bank trust department
  • Beneficiary of Trust
  • Blind trust
  • Bypass trust
  • charitable lead trust
  • Charitable remainder trust
  • Charitable Trust
  • Clifford trust
  • Corporate Trust
  • deed of trust
Financial browser ?
  • ▲
  • imputed interest rate
  • imputed notice
  • Imputed value
  • IMRO
  • IN
  • In & out
  • In and Out
  • In between
  • In competition
  • in gross
  • In hand
  • In Kind
  • In Pari Delicto
  • in perpetuity
  • in play
  • in rem
  • in situ
  • In Street Name
  • In the box
  • In the hole
  • In the middle
  • In the Penalty Box
  • In the Pink
  • in the tank
  • In touch with
  • in trust
  • inactive account
  • Inactive asset
  • inactive bond crowd
  • inactive license
  • inactive post
  • inactive security
  • Inactive stock/bond
  • Inactivity Fee
  • in-and-out
  • In-and-out trader
  • Inc.
  • incentive bonus scheme
  • incentive fee
  • incentive pay scheme
  • Incentive Stock Option
  • Incestuous share dealing
  • inchoate
  • incidence of taxation
  • Incidental Expenses
  • Incipient default
  • inclusionary zoning
  • income
  • income and expense report
  • Income annuity
  • income approach
  • ▼
Full browser ?
  • ▲
  • in training
  • in training
  • in training
  • in training
  • In Trance We Trust
  • In Transit
  • In Transit
  • In Transit
  • In Transition
  • In transitu
  • In transitu
  • In Tranzit
  • in trim
  • in trim
  • in trim
  • in trim
  • in triplicate
  • in trouble
  • in trouble with
  • in trouble with (someone)
  • in trouble with her
  • in trouble with him
  • in trouble with me
  • in trouble with one
  • in trouble with somebody
  • in trouble with someone
  • in trouble with them
  • in trouble with us
  • in trouble with you
  • In True Friendship
  • in trust
  • In Trust For
  • in truth
  • in truth
  • In Tune
  • In Tune
  • In Tune
  • In Tune Foundation Group
  • in tune with
  • in tune with (someone or something)
  • in tune with her
  • in tune with him
  • in tune with it
  • in tune with me
  • in tune with one
  • in tune with somebody
  • in tune with someone
  • in tune with something
  • in tune with the times
  • in tune with them
  • in tune with us
  • in tune with you
  • in turn
  • in turn
  • in turn
  • in turn
  • in turn
  • in turns
  • In twain
  • in two
  • in two
  • ▼
  • Facebook Share
  • Twitter
CITE
Site: Follow:
  • Facebook
  • Twitter
  • Rss
  • Mail
Share:
  • Facebook
  • Twitter
  • LinkedIn
  • Mail
Open / Close
More from Financial Dictionary
Mobile Apps
  • Apple
  • Android
  • Kindle
  • Windows
  • Windows Phone
Free Tools
For surfers:
  • Free toolbar & extensions
  • Word of the Day
  • Word Finder
  • Help
For webmasters:
  • Free content
  • Linking
  • Lookup box
  • Terms of Use
  • Privacy policy
  • Feedback
  • Advertise with Us
Copyright © 2003-2021 Farlex, Inc
Disclaimer

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.