Trust law

A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries. Trusts exist mainly in common law jurisdictions and similar systems existed since Roman times.

An owner of property, that places property into trust turns over part of his or her bundle of rights to the trustee, separating the property's legal ownership and control from its equitable ownership and benefits. This may be done for tax avoidance reasons or to control the property and its benefits if the settlor is absent, incapacitated, or dead. Trusts are frequently created in wills, defining how money and property will be handled for children or other beneficiaries.

The trustee is given legal title to the trust property, but is obligated to act for the good of the beneficiaries. The trustee may be compensated and have expenses reimbursed, but otherwise must turn over all profits from the trust properties. Trustees who violate this fiduciary duty are self-dealing. Courts can reverse self dealing actions, order profits returned, and impose other sanctions.

Podcasts:

PLAYLIST TIME:

Trust Fund

by: Colorfinger

Trust Fund
I know a couple who were in love
Liven in the best of times
The world blew up
They would never know
All the pain they never realized
Sheltered from the world's every woe
Living happy and politically correct
Just buy it if you want it now
Just get it if you need it in your life
Now don't you worry if it all runs out
Don't worry cause it never will
I know a young girl living in the shadow of
The kind of live she could never make
She takes it all and gives it back in love
To all the artists in her native state
She is the angle of the disenchanted soul
Just give it if it makes you smile
Yeah just use it if you need in you life
Now don't you worry should it all run out
Don't worry cause it never will
Please don't tell me that it's all ok
I don't wanna here you tell me that it's ok
I don't wanna see you given like a little kid
I don't wanna here you talk about your cherry
No no no no no
Please don't tall me all about it woah
Please don't tell me I don't wanna hear all your lies
Lies lies lies
Lies lies lies




Latest News for: Blockchain trust fund

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Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for U.S ... But if you actually trust the blockchain to take care of the ownership of an asset, of a tokenized fund or whatever, that’s revolutionary ... ....
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