{"iri":"https://folio.openlegalstandard.org/R9KvzcwdZ3asqh9BPZRGWR7","label":"Trust","sub_class_of":["https://folio.openlegalstandard.org/R7oBWHStfmqTLn2MypkW3Pj"],"parent_class_of":["https://folio.openlegalstandard.org/R7izoOZfRyRNtXJzVRPJwEB","https://folio.openlegalstandard.org/R8IHBlLq2QiAZNYNeNO399M","https://folio.openlegalstandard.org/R9zlhNDQcVYtcL9SV06E9ts","https://folio.openlegalstandard.org/RBDTPeYwNkU855npTtnlA0q","https://folio.openlegalstandard.org/RCDgGcipeEwzEW6G3ttE9pY"],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A trust, in estate planning, is a legal entity that holds and manages assets for the benefit of specific individuals or entities, known as beneficiaries. It's established by a grantor (or settlor) and is overseen by a trustee who ensures the assets are managed and distributed according to the grantor's instructions.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}