Trust (Property)
|
In common law legal systems, a trust is a relationship whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor (or feoffor to uses), who entrusts some or all of their property to people of their choice (the trustees or feoffee to uses). The trustees hold legal title to the trust property (or trust corpus), but they are obliged to hold the property for the benefit of one or more individuals or organizations (the beneficiary, cestui que use, or cestui que trust), usually specified by the settlor, who hold equitable title. The trustees owe a fiduciary duty to the beneficiaries, who are the "beneficial" owners of the trust property. The trust is governed by the terms of the trust document, which is usually written and occasionally set out in deed form. It is also governed by local law. The trustee is obliged to administer the trust in accordance with both the terms of the trust document and the governing law. In the United States, the settlor is also called the trustor, grantor, donor or creator. In some other jurisdictions, the settlor may also be known as the founder. From Wikipedia under the
GNU Free Documentation License |
Grantor (Trust, Property, Renting Real Estate, Estate ... In law: Grantor, a United States term in ... Childhood Trust, Trusts, Estates, Estate Planning and ... Grantor and Grantee Answers (Property, Estate, Deed ... www.childhoodtrust.com/grantor Grantor Answers (Trust, Property, Renting Real Estate ... Grantor Answers. Includes Estate, Ethics, Attorney, Beneficiary, Court, Quit Claim Deed, Trustee, Stepfather, Grantor Trust and Land information plus more related ... www.childhoodtrust.com/grantor/answers.htm Grantor and Grantee Answers (Property, Deed, Estate ... Grantor and Grantee Answers. Includes Renting Real Estate, Warranty Deed, Quit Claim Deed, Ethics, Lawyer, Attorney, Clear Title, Land, Quit Claim and Grantors ... www.childhoodtrust.com/grantor_and_grantee/answers.htm Charitable Trust Information (Charitable Trusts, Trusts ... ... its portfolio of trust property ... Charitable Society for Social Welfare Charitable Trust Charitable Trusts In English Law Charite ... "Childhood Trust" [ www.childhoodtrust.com/charitable_trust/encyclopedia.htm From Bing Site Search: "trust (property)" |