Corporate trust. In the most basic sense of the term, a corporate trust is a trust created by a corporation. [1] The term in the United States is most often used to describe the business activities of many financial services companies and banks that act in a fiduciary capacity for investors in a particular security (i.e. stock investors or bond.. Trust Company: A trust company is a legal entity that acts as a fiduciary , agent or trustee on behalf of a person or business entity for the purpose of administration, management and the eventual.

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Corporate trustees, known as directors, run trusts as a distinct legal entity. As they are companies, directors of a trust also enjoy the protection of limited liability. Generally, directors cannot be personally liable for external legal issues involving the trust. Furthermore, changing directors is relatively easy due to the trust being.. A business trust is a legal agreement. In turn, the process of creating one typically begins with a conversation between the involved parties and a trust lawyer who can help define the terms of the agreement. Following this, the trust is legally created through what is called a declaration of trust. The declaration of trust details the terms of.