Trust Corporation
/ˈtrʌst ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A corporate entity authorized to act as a fiduciary, trustee, or agent on behalf of individuals or organizations in managing trusts and related fiduciary duties.
The trust corporation administered the estate according to the terms of the will.
Forms
- trust corporation
- trust corporations
Related terms
See also
Commentary
Used primarily in financial and estate planning contexts, a trust corporation is subject to specific regulatory requirements and is distinct from individual trustees in terms of liability and capacity.
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.