Definitions

Trust Terms

  • Settlor – The person or people who create the Trust.  They usually sell or gift funds or property to the Trust.
  • Trustee – The legal owner of the Trust assets.  They are charged with the responsibility to hold, preserve the Trust assets for the benefit of the Beneficiaries
  • Beneficiary – The person or people that can receive a benefit/money/distributions from the Trust assets

 

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