A trust is not a separate legal entity, but is a legal relationship, usually created in writing, whereby a person called the "settlor" ("S") or "grantor" places assets (usually by way of gift) under the control of a Trustee ("T") for the benefit of persons called "the beneficiaries" ("B"). It is the latter's ability to enforce the terms of a trust which is at the heart of the trust relationship.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.
See More Popular Content From