a legal arrangement through which you give somebody or Group the right to handle dollars or assets for a specific individual or group of folks you have selected to receive the money:

These illustrations are from corpora and from sources on the web. Any thoughts from the examples tend not to stand for the viewpoint on the Cambridge Dictionary editors or of Cambridge College Push or its licensors.

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A testamentary trust, also known as a will trust, specifies how a person's property are selected after the grantor's death. It's not necessarily set up right until once the grantor passes absent.

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Charitable trust: This trust Rewards a selected charity or nonprofit Business. Commonly, a charitable trust is proven as Element of an trust bet estate strategy and can help lower or stay away from estate and present taxes.

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What exactly is a Grantor? Tasks, Function, and kinds A grantor or writer is the vendor of call or put possibilities who collects the rates for which the choices are marketed. The time period can also confer with the creator of the trust.

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