Black's Law Dictionary Definition

A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust's corpus assets and income for the economic benefit of all the beneficiaries.

See also: Estate Planning, Probate, Wills


A trust is a legal document that typically deals with estate transfer and takes effect immediately upon signing. You have control over your trust but when a time of confusion or incapacity takes place, a third party or trustee can easily take control. David Whipple can help you plan your trust and make sure you have the correct trustee.

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The material provided is intended for informational purposes only. It is not to be considered legal advice and not to be construed as legal representation.