Trust can be simply defined as a depositary arrangement that permits a trustee or a third party to hold assets on behalf of the beneficiary or beneficiaries as per their existence. And a trusted company can be termed as a discrete corporate entity that can be owned by any law firm, financial institution or bank, or even by any independent partnership.
A gamut of services is performed by the Trust Companies which are related to asset management and investment. They also provide safekeeping services as per the requirement. Moreover, the beneficiaries can have speedy access to these assets as compared to the will process.