Trust Arrangements

Definition ∞ Trust arrangements are legal structures where one party, the trustee, holds assets for the benefit of another party, the beneficiary. These arrangements define the terms under which assets are managed and distributed, often for purposes like wealth preservation, estate planning, or charitable giving. They establish fiduciary duties and obligations for the trustee.
Context ∞ In the digital asset space, trust arrangements are increasingly being utilized for the secure management and inheritance of cryptocurrencies and other digital assets. These structures address challenges related to private key management, asset succession, and institutional custody. News often covers the development of legal frameworks and specialized services that adapt traditional trust principles to the unique characteristics of decentralized digital holdings, providing greater certainty for asset owners.