Trusts
A trust is a vehicle whereby one person or entity holds and manages property for the benefit of another. There are three parties to a trust arrangement. The person or entity that holds the legal property interest is called the "trustee," the person for whom the property is being held is called the "beneficiary" and the person establishing the trust is called the "grantor."

Trusts allow the trustee to direct or control the assets held in the trust in the manner dictated by the trust document. Trustees have a legal duty, referred to as a fiduciary duty, to make decisions and act in good faith regarding the trust beneficiaries.

A trust can take one of two forms:


Revocable and irrevocable trusts that are established during the grantor's life are called inter vivos trusts. A trust created in a will and designed to go into effect upon the testator's death is called a testamentary trust.

Marital Property Agreements

Related Articles
  1. Managing Wealth

    Understanding Revocable Trusts

    A revocable trust is a legal arrangement whereby a grantor transfers property to a trustee who holds the property in trust for the grantor’s benefit.
  2. Retirement

    Estate Planning for Beginners: Part Three

    A primary purpose of most trusts is to provide a timetable for the distributions of assets where an outright distribution may not be warranted.
  3. Managing Wealth

    How to Set Up a Trust Fund in Canada

    You don't have to be rich to make use of a trust fund. Rules can be complex. Here's what you'll need to discuss with your lawyer.
  4. Investing

    Unit Investment Trusts Market: 3 Trends in 2016

    Learn more about unit investment trusts (UITs), and discover some of the most common trends in the UIT market to date in the year 2016.
  5. Managing Wealth

    Special Trusts For Special Needs

    If you or someone you love has a disability, these trusts can help ease the cost of care.
  6. Managing Wealth

    Surprising Uses for Trust Funds

    Here are five common situations where a trust fund makes financial sense.
  7. Managing Wealth

    What's a Trust Fund?

    A trust fund is a fund comprised of a variety of assets, established by a grantor, to provide financial security to an individual, most often a child or grandchild - or organizations, such as ...
  8. Financial Advisor

    How Trust Funds Can Safeguard Your Children

    Certain types of trust funds can help to protect your assets from bankruptcies and civil actions, and can be established to safeguard your children and designated beneficiaries.
  9. Retirement

    Providing For a Special Needs Child - Part III

    When set up properly, a special needs trust can keep funds from interfering with Social Security.
Frequently Asked Questions
  1. When Does a Corporation Decide to Refinance Debt?

    Favorable market conditions or the strengthening of a credit rating may lead to corporate refinancing.
  2. What is the difference between an inter vivos trust and a testamentary trust?

    The difference between inter vivos trusts and testamentary trusts.
  3. Who are Target's (TGT) main competitors?

    Learn more about the discount retailer Target and its competitors. Find out some of the things discount retailers do to increase ...
  4. Why would a company issue preference shares instead of common shares?

    Learn about some reasons corporations might issue preference shares and why investors might value them more than common shares.
Trading Center