
Trust
A relationship where a person or organisation (the trustee) is under an obligation to hold property (real estate and/or money) for the benefit of other persons (the beneficiaries).
Definitions
- beneficiaries
People, charities and organisations who you decide will receive or benefit from your estate when you pass away.

Definitions
- beneficiaries
People, charities and organisations who you decide will receive or benefit from your estate when you pass away.


Definitions
- assets
All of a person’s property including real and personal e.g. bank accounts, realty, shares in companies, cash etc.