Trust Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Trust, written in plain English, along with examples of how it is used.
What is Trust?
It is a contract or an entity created , by giving the responsibility and legal title of property or any asset to trustees who would manage these. The assets are kept in custody of the trustees who are known for its reliability, integrity and well known chracteristic in the society and who would be totally faithful. The trusts are formed by the trustors or owners of the asset who may keep on adding to their trust.