Simple English definitions for legal terms
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A trust company is a type of company that acts as a trustee for people and entities. It may also operate as a commercial bank. Trust companies manage assets, investments, and estates on behalf of their clients. They are responsible for ensuring that the assets are managed according to the client's wishes and in their best interests.
These examples illustrate how a trust company can provide valuable services to individuals, families, and organizations. By managing assets and investments, trust companies can help their clients achieve their financial goals and ensure that their wishes are carried out.