<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>
when an estate is held in a trust which party holds legal title
when an estate is held in a trust which party holds legal title
the trustee
the trustee