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  1. Trust (law) - Wikipedia

    • A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who entrusts the property is known as the "settlor", the party to whom it is entrusted is known as the "trustee", the party for whose benef… See more

    History

    Roman law had a well-developed concept of the trust (fideicommissum) in terms of "testamentary trusts" created by wills but never developed the concept of the inter vivos (living) trusts which apply while the creator live… See more

    Significance

    The trust is widely considered to be the most innovative contribution of the English legal system. Today, trusts play a significant role in most common law systems, and their success has led some civil law jurisdictions … See more

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  1. Trust (law) refers to a legal arrangement where:
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    A trust is an arrangement under which a person holds property or assets for the benefit of others. The person holding the asset or property is the trustee. The people or companies for whose benefit it is held are the beneficiaries.
    www.lawsociety.com.au/for-the-public/know-your-ri…
    A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person.
    en.wikipedia.org/wiki/Trust_(law)
    A trust is a legally recognised relationship where one party holds property for the benefit of another party. The first party is known as the trustee, and the second party is known as the beneficiary. A trustee can be an individual, a group of people or a corporation.
    www.armstronglegal.com.au/commercial-law/natio…
    A trust is a legal arrangement in which you separate the ownership of your assets from the possession and management of those assets. You put assets into a trust, which becomes the legal owner of the money or property transferred into it. You name a beneficiary who the assets are intended to benefit.
    www.forbes.com/advisor/legal/estate-law/how-set-…
    Trust law is a body of legal statutes and regulations governing the creation, operation, and termination of trusts. A trust, in turn, is a formal arrangement in which a trustee holds property or assets on behalf of one or more beneficiaries.
    www.contractscounsel.com/b/trust-law
     
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