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Trust Company Definition

Feb 08, 2020 · A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business for the purpose of administration, management, and the eventual transfer of assets ...…

Should I Have a Corporate Trustee For a Family Trust ...

Jan 22, 2015 · For example, trading company directors and professionals: Flexibility: Each year, the trustee can decide which beneficiaries are to benefit (the trustee’s choice will be more limited if they enter into a family trust) Accumulation of trust income: While taxed at 46.5% in the trust, the rate is only 30% for as long as the trust income is ...…

Trustee - Wikipedia

Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any person who holds property, authority, or a position of trust or responsibility to transfer the title of ownership to the person named as the new owner, in a trust instrument, called a beneficiary.…

Trust company - Wikipedia

A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.…

Trustee Definition

A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for a wide variety of purposes, such as in the case of ...…