financial trust

Wealth holding arrangement

A financial trust is a legal arrangement in which one party holds and manages assets for the benefit of another.

The person or institution managing the assets is the trustee; those who benefit are beneficiaries.

Trusts serve various purposes: protecting assets, minimizing taxes, providing for minors or dependents, or ensuring wealth transfers across generations.

She set up a trust for her grandchildren's education.

Related

compliance · conflict of interest · ethical investing · credit rating agencies · good credit · central bank · peer-to-peer lending · audit trails · fine print · consumer protection laws · joint accounts · custodianship · good faith · due diligence · escrow · safety deposit box · blockchain technology · investment firms

Categories
Opposites
legal structure for asset management

financial trustsole proprietorship

Unincorporated individual-owned business

bank account · personal assets · liquid assets · cash in hand · personal savings

financial transparency and ethics

financial trustshell company

Inactive firm for transactions

Ponzi scheme · financial fraud · embezzlement · slush fund · offshore account

Family

financial, financially, finance, finances, financed, financing, financier, financiers, trust

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Rated G