This industry comprises legal entities, trusts, estates, or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement.
Cross-References. Establishments primarily engaged in--
Managing portfolios of trusts--are classified in Industry 523920, Portfolio Management;Administering personal estates--are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities; andOperating businesses of trusts and bankruptcy estates--are classified according to the kind of business operated.