A trust is a device or arrangement by which its creator (the settlor or trustee) transfers property (the corpus) to a person (the trustor) who holds legal title for the benefit of another (the beneficiary or cestui que trust).

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A trust is created by a settlor who transfers property to a trustee. The trustee holds legal title to the property for the benefit of the beneficiary, not the trustor. The trustor is not a term used in this context.

A Trust Is a Device or Arrangement by Which Its