What is a Trust?

A trust is a legal entity, created to hold a well-documented item, property or group of assets that the owner (Settlor, Grantor, donor, Trustmaker) establishes for many reasons. The owner could be a person or another entity, such as a corporation. Since a trust is a legal entity, much like a corporation, it is very important the owner engages with a lawyer who knows tax, trust and estate or ERISA law; as they will craft a properly structured trust to help with avoid tax and liability issues. TrusteeMarketplace.ORG is designed to help family or corporate trustees find the best solutions for their needs.