These resources are brought to you by the Cooperative Extension System and your Local Institution

Personal Finance Home

Have a question? Try asking one of our Experts

Trust

Last Updated: November 15, 2006

View as web page


A legal instrument that grants control of one’s assets to a person or financial institution. Trusts can be revocable or irrevocable and can manage property while the creator is alive (living trust) or following the creator’s death (testamentary trust).

Browse related Articles by tag: personal finance, glossary, financial security: legal topics


Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.