Trust property

A trust property refers to assets—such as money, real estate, or investments—that are legally transferred into a trust. The trust is a legal arrangement where a trustee manages these assets on behalf of beneficiaries according to specific instructions set by the person creating the trust (the settlor or grantor). The trust property is separate from the trustee’s own belongings and is held for the benefit of the designated beneficiaries. This setup helps in managing, protecting, and transferring assets efficiently, often for estate planning, tax benefits, or for safeguarding assets for future generations.