Trusts

 A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.

 (n.d.). What Is a Trust? Fidelity. https://www.fidelity.com/life-events/estate-planning/trusts#:~:text=A%20trust%20is%20a%20fiduciary%20arrangement%20that%20allows,and%20when%20the%20assets%20pass%20to%20the%20beneficiaries.