Trust Fund
/ˈtrʌst fʌnd/
Definitions
- (n.) A legal arrangement in which assets are held by one party for the benefit of another under a trust agreement.
The attorney set up a trust fund to manage the inheritance for the minor children.
- (n.) A fund comprising assets held in trust, often for specific legal or fiduciary purposes.
The pension trust fund is managed by trustees according to the plan's terms.
Forms
- trust funds
Related terms
See also
Commentary
Typically, trust funds are established via an express trust which creates fiduciary duties for trustees to manage the assets in the beneficiaries' interests.
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.