Property can be held for someone else’s benefit. A trust is a legal arrangement in which a trustee holds legal title to assets and manages them for the benefit of beneficiaries according to the terms set by the settlor.

Trusts are used in estate planning, charitable giving, and commercial finance. They may be revocable or irrevocable, inter vivos or testamentary. Trustees owe fiduciary duties of loyalty and care and must follow the trust instrument and applicable law.

Courts supervise trusts when disputes arise over interpretation, trustee conduct, or modification. Properly structured trusts can avoid probate, provide management for minors or vulnerable persons, and implement tax or asset-protection plans within legal limits. Clear drafting of trustee powers and beneficiary rights reduces later conflict.

• Arrangement holding assets for beneficiaries
• Trustee has legal title and fiduciary duties
• Used in estate planning and commercial contexts
• Governed by the trust instrument and fiduciary law