Personal trust

Personal trust
An interest in an asset held by a trustee for the benefit of another person. ...

Personal Trust
A trust created for a person or persons. Personal trusts can be used by wealthy or middle-class beneficiaries to accomplish a variety of financial objectives.

A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary.
Nondiversifiability of human capital ...

The trust business has three broad categories: personal trusts, institutional management trusts created under an indenture , and master trust arrangements in which a fiduciary, usually a bank, manages the record keeping for a corporate pension fund.

As part of its personal trust and Estate Planning services, it manages investments for large accounts. People who cannot or do not want to make investment decisions are commonly bank trust department clients.

The Company was created by credit unions and other co-operatives to expand member services, particularly in the areas of personal trust services and mortgage funding.

For instance, Leff[1] defines business group as a group of companies that does business in different markets under common administrative or financial control whose members are linked by relations of interpersonal trust on the bases of similar ...

The risk of identity theft, for example, can have dramatic implications for financial services as the sanctity of contract and interpersonal trust are all critical ingredients of the success of a business.

Nondiscretionary trust
A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary.

In the context of mutual funds, refers to a mutual fund or unit trust whose management decides on the best way to use the assets without restriction to a specific type of security.In the context of trusts, refers to a personal trust in which a ...

In the context of trusts, refers to a personal trust in which a trustee has the power of decision as to how much income or principal each beneficiary receives.

See also: Expense, Banks, Preferred share, Funding, Net present value