Trust Law is a branch of law that governs the creation and management of trusts. A trust is a legal arrangement where one party, known as the trustee, holds and manages assets for the benefit of another party, called the beneficiary. Trusts can be used for various purposes, including estate planning, asset protection, and charitable giving. Under Trust Law, the trustee has a fiduciary duty to act in the best interests of the beneficiaries. This means they must manage the trust assets responsibly and transparently. Trusts can be revocable or irrevocable, affecting how they can be altered or terminated over time.