Trust Arrangement
/ˈtrʌst əˌreɪndʒmənt/
Definitions
- (n.) A legal arrangement whereby one party holds property for the benefit of another under agreed terms.
The trust arrangement stipulated that the trustee manage the assets for the beneficiary's benefit.
Forms
- trust arrangements
Related terms
See also
Commentary
Common in estate planning and asset management, a trust arrangement requires clear terms to define trustee powers and beneficiary rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.