P a t r i c k J e f f r e y R e a l t yA trust is
an entity that holds property and other assets. The trust is managed by a third
party (the trustee). The trust is established by a grantor (trustor). The trustee
holds the property for the benefit of another (beneficiary).
There are many types of trusts. Most are used either to safeguard assets against
creditors or for estate planning.
