A trust account

A trust account is like a special savings account where one person, called a trustee, keeps money for another person, called the beneficiary. The trustee makes sure the money is used in the way it was intended. In Jamaica, trust accounts are often used in real estate, like when buying or selling a house, to keep money safe until the deal is finished. This helps make sure everyone follows the rules and that the money is handled properly. Around the world, trust accounts are also used for things like managing money for family estates or big projects. They help keep money safe and make sure it’s used just as it should be.