Читать книгу Form 1041 - Stephen Brooks - Страница 7

A trust is a legal contract between the creator and the trustee for the benefit of another individual, a charitable organization, or an animal. The trustee has a fiduciary duty to abide by the terms in the trust agreement. The creator of the trust is often referred to as the settlor, grantor, or trustor. When a trust is created, the trustee takes legal title and management power over the trust property.¹ The individual, organization, or animal that is benefited by trust is called the beneficiary.