A trust is a legal arrangement by which an owner of property transfers legal ownership of property to a person or entity called a trustee. The trustee holds the legal ownership of the property for the benefit of the beneficiaries. The trustee owns, manages and safeguards the property in order to provide income or other benefits to the beneficiary or beneficiaries. The person who creates the trust is called a "Trustor" or "Settlor". The persons or entities who are to receive the ultimate benefits are called the "Beneficiaries". There are many types of trusts, but this probate court usually works with: testamentary trusts and special needs trusts.