{"id":22882,"date":"2021-02-25T06:08:16","date_gmt":"2021-02-25T06:08:16","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=22882"},"modified":"2026-04-07T17:16:35","modified_gmt":"2026-04-07T11:46:35","slug":"settlor-trustee-beneficiary","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/settlor-trustee-beneficiary\/","title":{"rendered":"Settlor, Trustee, and Beneficiary"},"content":{"rendered":"

At the very primary level, a trust is a depositary affiliation in which one party or an individual, known as a trustor, gives another party\/individual, known as the trustee, the right to hold title to property or personal assets for the good of a third party, known as the beneficiary. Trusts are formed to give a legal shield for the trustor\u2019s belongings, to ensure those assets are allocated according to the wishes of the trustor, and to save time, reduce paperwork and, in some cases, avoid or reduce legacy or estate tariff. Trust is generally of six broad categories.<\/p>\n\n\n\n\n\n\n
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TRUST<\/strong><\/p>\n<\/td>\n<\/tr>\n

Living<\/td>\nTestamentary<\/td>\n<\/tr>\n
Funded<\/td>\nNon-funded<\/td>\n<\/tr>\n
Revocable<\/td>\nIrrevocable<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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