personal trust
finance
Quick Summary
A personal trust is a financial arrangement where a beneficiary is an individual or individuals. This is in contrast to a corporate trust. Trust, in a broader financial context, can refer to a firm belief in the integrity or ability of someone or something, such as the confidence between a lawyer and client. It can also relate to responsibility for someone's well-being or the right to possess goods before payment (credit).12
Summary created from Britannica articles
using AI.
AI can make mistakes, so verify using Britannica articles.
2 Britannica Sources
Ask Britannica AI about this topic
Britannica doesn't have a full article on this topic, so we've curated a list of our relevant coverage.