Corporate Trust
A trust is a contractual agreement where the trustees (fiduciaries) accept legal title to the trust property (real or personal). They are responsible for administering it for the benefit of its beneficiaries who hold equitable title to the trust property. The beneficiaries receive certificates of beneficial interest as evidence of their interest in the trust. The certificates are freely transferable when stated within the Trust Indenture by-laws.
Setting up your Trust
After we help you create your trust, you grant selected assets to the trust. When the assets are recorded in the trust minutes, the assets belong to the trust. A trust includes these roles:
- Grantor – Trusts have a grantor, sometimes called a settlor or trustor.
- Trustee – The trustee can be any individual or organization that can take title to property on behalf of a beneficiary.
- Beneficiary – The beneficiary is the actor(s) who benefit from the trust.