DefineLaw

What is a trust?

A trust is an arrangement where a trustee holds property for the benefit of others.

Why it matters

It can avoid probate, protect assets, and manage property for heirs.

Common confusion

A trust holds assets; a will directs assets — they serve different steps.

DefineLaw editors — plain-English definitions for general reference; not a substitute for advice from a licensed attorney.

Frequently Asked Questions

Do I still need a will?

Often yes, to catch assets left out of the trust.

Who controls a trust?

The trustee, for the beneficiaries’ benefit.

Is a trust public?

Generally no — trusts avoid the public probate record.

Related estate terms