- usa4as
What Is a Trust Company?
Updated: Jun 17, 2020
A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business for the purpose of administration, management, and the eventual transfer of assets to a beneficial party. The trust company acts as a custodian for trusts, estates, custodial arrangements, asset management, stock transfer, beneficial ownership registration, and other related arrangements.
KEY TAKEAWAYS
A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business for a trust.
A trust company is typically tasked with the administration, management, and the eventual transfer of assets to beneficiaries.
A trust company acts as a custodian for trusts, estates, custodial arrangements, asset management, stock transfer, and beneficial ownership registration.
Trusts are managed for profit, which it may take out of the assets annually or upon transfer to the beneficial third party.
