Trust

Property	Value
A technical identifier, unique in a certain context. Technical key	LF171
Language-specific name. Monolingual name	Trust (en)
Language-specific short name. Monolingual short name	Trust (en)
Informal and comprehensive human-readable definition of a concept. Description	A legal entity created to hold and manage assets on behalf of beneficiaries. A trust is established by a settlor who transfers assets to a trustee, who then manages and administers those assets according to the terms of the trust deed or agreement. Trusts allow for asset protection, estate planning, and the distribution of wealth to beneficiaries. They are governed by trust law and provide a mechanism for managing assets, protecting the interests of beneficiaries, and avoiding probate or estate-related complications.