An institution or organization directed by trustees A charitable trust. Society (countable) A long-standing group of people sharing cultural aspects such as language, dress, norms of behavior and artistic forms. This society has been known for centuries for its colorful clothing and tight-knit fami...
A structure where trustees manage assets for designated beneficiaries. The Trust provided ongoing support for the orphanage. 1 Foundation An entity created with assets dedicated to social, educational, or other specific purposes. The Foundation's grants have changed the lives of many in the community...
Beneficiaries of a trust have a beneficial interest in the assets, and therefore have legal rights which can go as far as forcing the trustees to take an action through the court or expressing their collaborative wish for an action to be taken which would be difficult for a trustee to refuse...
A credit shelter trust is set up so that when one spouse dies, the trust property can be used by the surviving spouse, and the surviving spouse can receive income from the trust's assets, but the property passes to other familial beneficiaries—usually children—federal estate tax-free up to...
An estate comprises all assets owned by an individual at death, while a trust is a legal arrangement allowing a third party to manage assets for beneficiaries. Difference Between Estate and Trust Table of Contents ADVERTISEMENTKey Differences ...