#trust something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
supertype: #belongings__property__holding__material_possession something owned; any tangible possession that is owned by someone; "that hat is my property"; "he is a man of property";
subtype: #active_trust a trust in which the trustee must perform certain duties
subtype: #passive_trust__passivetrust a trust in which the trustee performs no active duties
subtype: #charitable_trust__public_trust a trust created for charitable or religious or educational or scientific purposes
subtype: #Clifford_trust__grantor_trust__grantortrust a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
subtype: #implied_trust__impliedtrust a trust inferred by operation of law
subtype: #constructive_trust__involuntary_trust__involuntarytrust a trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights
subtype: #resulting_trust a trust created by a court when it is judged that it was the intention of the parties to create a trust
subtype: #direct_trust__express_trust__expresstrust a trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation)
subtype: #discretionary_trust__discretionarytrust a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
subtype: #living_trust__inter_vivos_trust__intervivostrust a trust created and operating during the grantor's lifetime
subtype: #spendthrift_trust__spendthrifttrust a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence
subtype: #testamentary_trust a trust that is created under a will and that becomes active after the grantor dies
subtype: #savings_account_trust__savingsaccounttrust__savings_bank_trust__trust_account__trustaccount__trustee_account__trusteeaccount__Totten_trust a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
subtype: #voting_trust an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees
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