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Concept information

social science subjects > business and management > organization studies > types of organization > trusts

Preferred term

trusts  

Definition

  • A trust is a popular estate planning tool in common law jurisdictions, whereby property is legally held by one party, the trustee, for the benefit of another, the beneficiary. The beneficiary holds equitable title and is entitled to payments from the trust. [Source: The Social History of the American Family: An Encyclopedia; Trusts]

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URI

http://data.loterre.fr/ark:/67375/N9J-S1XFZ5K1-G

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