1. Home
  2. Health
  3. Palliative Care

Definition of a Trust

By Angela Morrow, RN, About.com

Updated June 29, 2008

About.com Health's Disease and Condition content is reviewed by the Medical Review Board

Definition: A trust is a legal entity that holds property or assets for another person, group of people or organization known as the beneficiary. The person creating a trust is called the grantor, donor or settlor. When a trust is established, an individual, a group of individuals, or a corporation, called a trustee, is appointed to manage the property or assets. Many people choose to make a living trust as part of their will. A separate trust is often made to cover funeral costs.
Explore Palliative Care
About.com Special Features

Learn how you can reduce your your numbers with these nutrition and exercise tips. More >

Keep yourself, and your family, happy and healthy this fall with these tips. More >

We comply with the HONcode standard for trustworthy health information: verify here.
  1. Home
  2. Health
  3. Palliative Care
  4. Glossary
  5. What is a Trust?>

©2009 About.com, a part of The New York Times Company.

All rights reserved.