{"iri":"http://lmss.sali.org/R9KvzcwdZ3asqh9BPZRGWR7","id":"R9KvzcwdZ3asqh9BPZRGWR7","label":"Trust","definition":"A trust, in estate planning, is a legal entity that holds and manages assets for the benefit of specific individuals or entities, known as beneficiaries. It's established by a grantor (or settlor) and is overseen by a trustee who ensures the assets are managed and distributed according to the grantor's instructions.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/R7L5eLIzH0CpOUE74uJvSjL","label":"Legal Entity"},"parents":[{"iri":"http://lmss.sali.org/R7oBWHStfmqTLn2MypkW3Pj","id":"R7oBWHStfmqTLn2MypkW3Pj","label":"Entity"}],"children":[{"iri":"http://lmss.sali.org/R7izoOZfRyRNtXJzVRPJwEB","id":"R7izoOZfRyRNtXJzVRPJwEB","label":"Business Trust"},{"iri":"http://lmss.sali.org/RCDgGcipeEwzEW6G3ttE9pY","id":"RCDgGcipeEwzEW6G3ttE9pY","label":"Charitable Trust"},{"iri":"http://lmss.sali.org/R9zlhNDQcVYtcL9SV06E9ts","id":"R9zlhNDQcVYtcL9SV06E9ts","label":"Irrevocable Trust"},{"iri":"http://lmss.sali.org/R8IHBlLq2QiAZNYNeNO399M","id":"R8IHBlLq2QiAZNYNeNO399M","label":"Revocable Trust"},{"iri":"http://lmss.sali.org/RBDTPeYwNkU855npTtnlA0q","id":"RBDTPeYwNkU855npTtnlA0q","label":"Spendthrift Trust"}],"relations":[],"url":"https://lmss.io/tag/R9KvzcwdZ3asqh9BPZRGWR7/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}