Who is involved with a trust?

In general, three parties are involved in a trust.

  • Settlor(s) – the person or persons setting up the trust.
  • Trustee(s) – the person or persons entrusted with managing the trust per the settlor’s wishes.
  • Beneficiaries – the person or persons who will ultimately benefit from the trust, such as by receiving an income or inheriting assets at some point.

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