noun a company that acts as a fiduciary, trustee, or agent for individuals or businesses in the management of assets, estates, or investments
A trust company is a financial institution that manages trusts, estates, and other fiduciary accounts on behalf of clients.
In the legal field, a trust company may act as a trustee for trusts established in wills or other legal documents.
Trust companies play a key role in estate planning by helping individuals set up trusts to manage their assets and distribute them according to their wishes.
As part of wealth management services, trust companies provide comprehensive financial planning and asset management solutions to high-net-worth individuals and families.
Trust companies often offer investment management services to help clients grow their wealth and achieve their financial goals.
A trust company may be mentioned in a novel as a place where a character sets up a trust fund for their children.
A psychologist may recommend a trust company to a client who needs assistance managing their assets and estate planning.
A financial advisor may work closely with a trust company to help clients create a comprehensive financial plan that includes setting up trusts for their beneficiaries.
An estate planning attorney may refer clients to a trust company to help them establish trusts as part of their overall estate plan.