trust corporation (Meaning)
trust corporation (n)
an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
Synonyms & Antonyms of trust corporation
No Synonyms and anytonyms found
trust corporation Sentence Examples
- The trust corporation is responsible for managing the assets of the trust in accordance with the settlor's instructions.
- The trust corporation's primary function is to safeguard the assets and ensure the proper administration of the trust.
- The trust corporation is typically a bank or trust company with experience in trust management.
- The settlor can appoint a specific trust corporation or give the trustee the discretion to select one.
- The trust corporation is held to a fiduciary standard and must act in the best interests of the trust beneficiaries.
- The trust corporation is required to file annual accountings and provide regular reports to the beneficiaries.
- The trust corporation can provide a variety of services, such as investment management, tax preparation, and estate planning.
- Fees charged by the trust corporation will vary depending on the size and complexity of the trust.
- The trust corporation can be removed if it fails to perform its duties properly.
- The trust corporation is an important part of the estate planning process and can help ensure that the settlor's wishes are carried out.
FAQs About the word trust corporation
an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements
No synonyms found.
No antonyms found.
The trust corporation is responsible for managing the assets of the trust in accordance with the settlor's instructions.
The trust corporation's primary function is to safeguard the assets and ensure the proper administration of the trust.
The trust corporation is typically a bank or trust company with experience in trust management.
The settlor can appoint a specific trust corporation or give the trustee the discretion to select one.
