Person for whom a trust is created.

Trust that makes distributions to a named non-charitable beneficiary with the remainder going to a charitable beneficiary.

Federal tax imposed on a decedent’s estate.

Person or financial institution named or appointed trustee, executor or in another capacity where such person or institution is entrusted with ownership and responsibility for trust property held for the beneficiary of the trust.

Beneficiary entitled to receive income from a trust.

Trust which holds a life insurance policy as an asset.

Trust created and operational during the lifetime of the Trustor.

Trust intended to remain in existence permanently or as long as permitted by law.

Court supervised administration and settlement of an estate.

Beneficiary of a trust entitled to the trust assets after the term providing for another beneficiary has ended, most commonly where the prior beneficiary has passed away.

A fiduciary relationship in which an individual or institutional trustee (or both as co-trustees) becomes the holder of legal title to property held in the trust, with the responsibility to hold and manage the property for the benefit of the beneficiaries of the trust.

The individual or institution holding legal title to property held in trust for the benefit of the beneficiaries named in the trust.

The person who creates the trust.

A legally enforceable declaration of an individual’s wishes regarding disposition of assets upon the individual’s death.