# Trust

**IRI:** https://folio.openlegalstandard.org/R9KvzcwdZ3asqh9BPZRGWR7

## Labels

## 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.

## 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

**Deprecated:** False