<P> A trust is a three - party fiduciary relationship in which the first party , the trustor or settlor , transfers ( `` settles '' ) a property ( often but not necessarily a sum of money ) upon the second party ( the trustee ) for the benefit of the third party , the beneficiary . </P>
<P> A trust is a three - party fiduciary relationship in which the first party , the trustor or settlor , transfers ( `` settles '' ) a property ( often but not necessarily a sum of money ) upon the second party ( the trustee ) for the benefit of the third party , the beneficiary . </P>
who are the three individuals named in a trust
who are the three individuals named in a trust
the trustor or settlor the trustee the beneficiary
the trustor or settlor the trustee the beneficiary