Trust Company
/ˈtrʌst ˌkʌmpəni/
Definitions
- (n.) A financial institution authorized to act as a fiduciary, trustee, or agent in managing trusts, estates, and custodial arrangements.
The trust company managed the client's estate according to the will's instructions.
- (n.) A corporation that provides trust and fiduciary services, often including acting as executor or administrator of estates.
The trust company was appointed as executor of the deceased's property.
Forms
- trust companies
Related terms
See also
Commentary
Often used interchangeably with 'trustee company,' but typically denotes a regulated financial entity with fiduciary responsibilities.
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.