Glossary - Trusts
Description
Trusts are legal arrangements where assets are held by trustees for the benefit of one or more beneficiaries. They are commonly used in estate and tax planning to control how and when assets are distributed, provide protection for beneficiaries, and manage potential tax liabilities.
Alternate Names
- Trustees
- Settlor
- Beneficiaries
- Discretionary trust
- Bare trust
- Trust deed
