A trust involves the transfer of assets to a third party who manages these assets for a beneficiary.

Name: A trust involves the transfer of assets to a third party who manages these assets for a beneficiary.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

A trust is a fiduciary arrangement where one party, known as the trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.

A Trust Involves the Transfer of Assets to a Third