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Trust law

Index Trust law

A trust is a three-party fiduciary relationship in which the first party, the trustor or settlor, transfers ("settles") a property (often but not necessarily a sum of money) upon the second party (the trustee) for the benefit of the third party, the beneficiary. [1]

148 relations: Accounting, Act (document), Ancient Rome, Argentine law, Articles of incorporation, Asset protection, Asset-protection trust, Australian trust law, Bankruptcy, Bankruptcy remote, Barclays Bank Ltd v Quistclose Investments Ltd, Bare trust, Beneficiary, Beneficiary (trust), Blind trust, Brussels Regime, Bundle of rights, Capacity (law), Capital (economics), Capital requirement, Case law, Cestui que, Charitable trust, Charity Commission for England and Wales, Civil code, Civil law (legal system), Common law, Commonwealth, Community land trust, Company, Concurrent estate, Conflict of interest, Conflict of laws, Construction law, Constructive trust, Continental Europe, Contract, Contractual term, Convention of disclosure, Cooperative, Corporation, Court, Crusades, Curaçao, Deed, Delaware statutory trust, Directors and officers liability insurance, Discretionary trust, Divorce, Dodd–Frank Wall Street Reform and Consumer Protection Act, ..., Duty of loyalty, Duty of Prudence, English law, English trust law, Equity (law), Estate planning, Estate tax in the United States, Express trust, Feoffee, Feudalism, Fideicommissum, Fiduciary, Foundation (nonprofit), Gift tax, Grantor retained annuity trust, Hague Trust Convention, Henson trust, Implied trust, Incentive trust, Income, Inheritance Tax in the United Kingdom, Insurance, Intangible property, Internal Revenue Code, Internal Revenue Service, Intestacy, Investment fund, Italian trust law, Juridical person, Jurisdiction, Knight v Knight, Land trust, Law of South Africa, Legal fiction, Life estate, Lord Chancellor, Massachusetts business trust, McPhail v Doulton, Natural person, Offshore financial centre, Offshore trust, Openness, Ownership, Pension, Personal injury trust, Personal property, Power of appointment, Probate, Profit (accounting), Property law, Protector (trust), Purpose trust, QTIP Trust, Rabbi trust, Re Baden's Deed Trusts (No 2), Real property, Records management, Remainder (law), Residency (domicile), Restatements of the Law, Resulting trust, Retainer agreement, Roman law, Roman-Dutch law, Secret trust, Securitization, Settlor, Society of Trust and Estate Practitioners, South Africa, SPA Trust, Spendthrift, Spendthrift trust, State government, Statute of frauds, Statutory corporation, Surety bond, T Choithram International SA v Pagarani, Tangible property, Tax, Tax avoidance, Tax haven, Tax noncompliance, Testamentary trust, Totten trust, Transparency (behavior), Trust instrument, Trust law in civil law jurisdictions, Trust-preferred security, Trustee, Trusts & Estates (journal), Uniform Law Commission, Uniform Trust Code, Unit trust, United States, Urban planning, Use (law), Waiver, Will and testament. Expand index (98 more) »

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

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Act (document)

An act is an instrument that records a fact or something that has been said, done, or agreed.

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Ancient Rome

In historiography, ancient Rome is Roman civilization from the founding of the city of Rome in the 8th century BC to the collapse of the Western Roman Empire in the 5th century AD, encompassing the Roman Kingdom, Roman Republic and Roman Empire until the fall of the western empire.

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Argentine law

The Legal system of Argentina is a Civil law legal system.

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Articles of incorporation

Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada.

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Asset protection

Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments.

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Asset-protection trust

An asset-protection trust is a term which covers a wide spectrum of legal structures.

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Australian trust law

Australian trust law is the law of trusts as it is applied in Australia.

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Bankruptcy

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.

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Bankruptcy remote

A bankruptcy remote company is a company within a corporate group whose bankruptcy has as little economic impact as possible on other entities within the group.

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Barclays Bank Ltd v Quistclose Investments Ltd

(sub nom Quistclose Investments Ltd v Rolls Razor Ltd) is a leading property, unjust enrichment and trusts case, which invented a new species of proprietary interest in English law.

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Bare trust

A bare trust is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into his own name.

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Beneficiary

A beneficiary (also, in trust law, cestui que use) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor.

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Beneficiary (trust)

In trust law, a beneficiary or cestui que use, a.k.a. cestui que trust, is the person or persons who are entitled to the benefit of any trust arrangement.

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Blind trust

A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling.

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Brussels Regime

The Brussels Regime is a set of rules regulating which courts have jurisdiction in legal disputes of a civil or commercial nature between individuals resident in different member states of the European Union (EU) and the European Free Trade Association (EFTA).

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Bundle of rights

The bundle of rights is a metaphor to explain the complexities of property ownership.

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Capacity (law)

The capacity of natural and juridical persons (legal persons) in general, determines whether they may make binding amendments to their rights, duties and obligations, such as getting married or merging, entering into contracts, making gifts, or writing a valid will.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Capital requirement

Capital requirement (also known as regulatory capital or capital adequacy) is the amount of capital a bank or other financial institution has to hold as required by its financial regulator.

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Case law

Case law is a set of past rulings by tribunals that meet their respective jurisdictions' rules to be cited as precedent.

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Cestui que

Cestui que (also cestuy que, "cestui a que") is a shortened version of cestui a que use le feoffment fuit fait, literally, "The person for whose use the feoffment was made." It is a Law French phrase of medieval English invention, which appears in the legal phrases cestui que trust, cestui que use, or cestui que vie.

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Charitable trust

A charitable trust is an irrevocable trust established for charitable purposes and, in some jurisdictions, a more specific term than "charitable organization".

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Charity Commission for England and Wales

The Charity Commission for England and Wales is the non-ministerial government department that regulates registered charities in England and Wales and maintains the Central Register of Charities.

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Civil code

A civil code is a systematic collection of laws designed to deal with the core areas of private law such as for dealing with business and negligence lawsuits and practices.

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Civil law (legal system)

Civil law, civilian law, or Roman law is a legal system originating in Europe, intellectualized within the framework of Roman law, the main feature of which is that its core principles are codified into a referable system which serves as the primary source of law.

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Common law

Common law (also known as judicial precedent or judge-made law, or case law) is that body of law derived from judicial decisions of courts and similar tribunals.

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Commonwealth

A commonwealth is a traditional English term for a political community founded for the common good.

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Community land trust

A community land trust (CLT) is a nonprofit corporation that develops and stewards affordable housing, community gardens, civic buildings, commercial spaces and other community assets on behalf of a community.

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Company

A company, abbreviated as co., is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise.

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Concurrent estate

A concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than one person at a time.

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Conflict of interest

A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another.

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Conflict of laws

Conflict of laws concerns relations across different legal jurisdictions between natural persons, companies, corporations and other legal entities, their legal obligations and the appropriate forum and procedure for resolving disputes between them.

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Construction law

Construction law is a branch of law that deals with matters relating to building construction, engineering and related fields.

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Constructive trust

A constructive trust is an equitable remedy resembling a trust (implied trust) imposed by a court to benefit a party that has been wrongfully deprived of its rights due to either a person obtaining or holding a legal property right which they should not possess due to unjust enrichment or interference, or due to a breach of fiduciary duty, which is intercausative with unjust enrichment and/or property interference.

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Continental Europe

Continental or mainland Europe is the continuous continent of Europe excluding its surrounding islands.

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Contract

A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.

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Contractual term

A contractual term is "Any provision forming part of a contract".

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Convention of disclosure

The convention of disclosure requires that all material facts must be disclosed in the financial statements.

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Cooperative

A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".

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Corporation

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

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Court

A court is a tribunal, often as a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters in accordance with the rule of law.

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Crusades

The Crusades were a series of religious wars sanctioned by the Latin Church in the medieval period.

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Curaçao

Curaçao (Curaçao,; Kòrsou) is a Lesser Antilles island in the southern Caribbean Sea and the Dutch Caribbean region, about north of the Venezuelan coast.

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Deed

A deed (anciently "an evidence") is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.

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Delaware statutory trust

A Delaware statutory trust (DST) is a legally recognized trust that is set up for the purpose of business, but not necessarily in the U.S. state of Delaware.

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Directors and officers liability insurance

Directors and officers liability Insurance (often called "D&O") is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.

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Discretionary trust

A discretionary trust, in the trust law of England, Australia, Canada and other common law jurisdictions, is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor.

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Divorce

Divorce, also known as dissolution of marriage, is the termination of a marriage or marital union, the canceling or reorganizing of the legal duties and responsibilities of marriage, thus dissolving the bonds of matrimony between a married couple under the rule of law of the particular country or state.

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Dodd–Frank Wall Street Reform and Consumer Protection Act

The Dodd–Frank Wall Street Reform and Consumer Protection Act (commonly referred to as Dodd–Frank) was signed into United States federal law by US President Barack Obama on July 21, 2010.

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Duty of loyalty

The Duty of Loyalty is often called the cardinal principal of fiduciary relationships, but is particularly strict in the law of trusts.

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Duty of Prudence

In Trust Law, the Duty of Prudence traditionally includes the duty of a trustee to administer a trust with a degree of care, skill and caution.

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English law

English law is the common law legal system of England and Wales, comprising mainly criminal law and civil law, each branch having its own courts and procedures.

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English trust law

English trust law concerns the creation and protection of asset funds, which are usually held by one party for another's benefit.

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Equity (law)

In jurisdictions following the English common law system, equity is the body of law which was developed in the English Court of Chancery and which is now administered concurrently with the common law.

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Estate planning

Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax.

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Estate tax in the United States

The estate tax in the United States is a tax on the transfer of the estate of a deceased person.

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Express trust

An express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties." Property is transferred by a person (called a trustor, settlor, or grantor) to a transferee (called the trustee), who holds the property for the benefit of one or more persons, called beneficiaries.

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Feoffee

Under the feudal system in England, a feoffee is a trustee who holds a fief (or "fee"), that is to say an estate in land, for the use of a beneficial owner.

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Feudalism

Feudalism was a combination of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries.

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Fideicommissum

The fideicommissum was one of the most popular legal institutions in ancient Roman Law for several centuries.

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Fiduciary

A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons).

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Foundation (nonprofit)

A foundation (also a charitable foundation) is a legal category of nonprofit organization that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes.

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Gift tax

In economics, a gift tax is the tax on money or property that one living person gives to another.

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Grantor retained annuity trust

A grantor-retained annuity trust (commonly referred to by the acronym GRAT), is a financial instrument commonly used in the United States to make large financial gifts to family members without paying a U.S. gift tax.

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Hague Trust Convention

The Hague Convention on the Law Applicable to Trusts and on their Recognition, or Hague Trust Convention is a multilateral treaty developed by the Hague Conference on Private International Law on the Law Applicable to Trusts.

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Henson trust

A Henson trust (sometimes called an absolute discretionary trust), in Canadian law, is a type of trust designed to benefit disabled persons.

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Implied trust

An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor." There are two types of implied trust.

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Incentive trust

In American estate planning parlance, an incentive trust is a trust designed to encourage or discourage certain behaviors by using distributions of trust income or principal as an incentive.

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Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

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Inheritance Tax in the United Kingdom

In the United Kingdom, Inheritance Tax is a transfer tax.

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Insurance

Insurance is a means of protection from financial loss.

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Intangible property

Intangible property, also known as incorporeal property, describes something which a person or corporation can have ownership of and can transfer ownership to another person or corporation, but has no physical substance, for example brand identity or knowledge/intellectual property.

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Internal Revenue Code

The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC).

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Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

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Intestacy

Intestacy is the condition of the estate of a person who dies without having made a valid will or other binding declaration.

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Investment fund

An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group.

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Italian trust law

In Italian trust law, a trust is a particular juridical instrument by which a settler (disponente) can transfer a property (movable or immovable property) to a trustee, who has to exercise and manage this right for a beneficiary (to whom the full property will be transferred with the termination of the trust) who has the "equitable right".

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Juridical person

A juridical person is a non-human legal entity, in other words any organization that is not a single natural person but is authorized by law with duties and rights and is recognized as a legal person and as having a distinct identity.

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Jurisdiction

Jurisdiction (from the Latin ius, iuris meaning "law" and dicere meaning "to speak") is the practical authority granted to a legal body to administer justice within a defined field of responsibility, e.g., Michigan tax law.

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Knight v Knight

Knight v Knight (1840) 49 ER 58 is an English trusts law case, embodying a simple statement of the "three certainties" principle.

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Land trust

There are two distinct definitions of a land trust.

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Law of South Africa

South Africa has a 'hybrid' or 'mixed' legal system, formed by the interweaving of a number of distinct legal traditions: a civil law system inherited from the Dutch, a common law system inherited from the British, and a customary law system inherited from indigenous Africans (often termed African Customary Law, of which there are many variations depending on the tribal origin).

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Legal fiction

A legal fiction is a fact assumed or created by courts which is then used in order to help reach a decision or to apply a legal rule.

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Life estate

In common law and statutory law, a life estate is the ownership of land for the duration of a person's life.

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Lord Chancellor

The Lord Chancellor, formally the Lord High Chancellor of Great Britain, is the highest ranking among those Great Officers of State which are appointed regularly in the United Kingdom, nominally outranking even the Prime Minister.

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Massachusetts business trust

A Massachusetts Business Trust (MBT) is a legal trust set up for the purposes of business, but not necessarily one that is operated in the Commonwealth of Massachusetts.

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McPhail v Doulton

, also known as Re Baden's Deed Trusts (No 1) is a leading English trusts law case by the House of Lords on the certainty of beneficiaries.

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Natural person

In jurisprudence, a natural person is a person (in legal meaning, i.e., one who has its own legal personality) that is an individual human being, as opposed to a legal person, which may be a private (i.e., business entity or non-governmental organization) or public (i.e., government) organization.

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Offshore financial centre

An offshore financial centre (OFC) is a jurisdiction specializing in providing corporate and commercial services, such as offshore banking licenses (international banking license) or the incorporation of offshore companies (international business companies).

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Offshore trust

An offshore trust is a conventional trust that is formed under the laws of an offshore jurisdiction.

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Openness

Openness is an overarching concept or philosophy that is characterized by an emphasis on transparency and free, unrestricted access to knowledge and information, as well as collaborative or cooperative management and decision-making rather than a central authority.

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Ownership

Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property.

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Pension

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

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Personal injury trust

The expression personal injury trust is a legal term of art found in the context of the modern English law of trusts (also applicable, where relevant, to Wales, Scotland and Northern Ireland).

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Personal property

Personal property is generally considered property that is movable, as opposed to real property or real estate.

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Power of appointment

A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator (the person writing the will) to select a person who will be given the authority to dispose of certain property under the will.

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Probate

Probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased, or whereby the estate is settled according to the laws of intestacy in the state of residence of the deceased at time of death in the absence of a legal will.

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Profit (accounting)

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).

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Property law

Property law is the area of law that governs the various forms of ownership and tenancy in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system.

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Protector (trust)

In trust law, a protector is a person appointed under the trust instrument to direct or restrain the trustees in relation to their administration of the trust.

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Purpose trust

A purpose trust is a type of trust which has no beneficiaries, but instead exists for advancing some non-charitable purpose of some kind.

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QTIP Trust

QTIP trust is a type of trust and an estate planning tool used in the United States.

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Rabbi trust

In the United States, a Rabbi trust is a type of trust used by businesses or other entities to defer the taxability to the person or entity receiving (the payee) such payments as employee compensation or purchase payments in the acquisition of another business.

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Re Baden's Deed Trusts (No 2)

is an English trusts law case, concerning the circumstances under which a trust will be held to be uncertain.

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Real property

In English common law, real property, real estate, realty, or immovable property is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things.

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Records management

Records management, also known as records and information management, is an organizational function devoted to the management of information in an organization throughout its life cycle, from the time of creation or inscription to its eventual disposition.

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Remainder (law)

In property law of the United Kingdom and the United States and other common law countries, a remainder is a future interest given to a person (who is referred to as the transferee or remainderman) that is capable of becoming possessory upon the natural end of a prior estate created by the same instrument.

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Residency (domicile)

Residency is the act of establishing or maintaining a residence in a given place.

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Restatements of the Law

In American jurisprudence, the Restatements of the Law are a set of treatises on legal subjects that seek to inform judges and lawyers about general principles of common law.

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Resulting trust

A resulting trust (from the Latin 'resalire' meaning 'to jump back') is the creation of an implied trust by operation of law, where property is transferred to someone who pays nothing for it; and then is implied to have held the property for benefit of another person.

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Retainer agreement

A retainer agreement is a work for hire contract.

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Roman law

Roman law is the legal system of ancient Rome, including the legal developments spanning over a thousand years of jurisprudence, from the Twelve Tables (c. 449 BC), to the Corpus Juris Civilis (AD 529) ordered by Eastern Roman Emperor Justinian I. Roman law forms the basic framework for civil law, the most widely used legal system today, and the terms are sometimes used synonymously.

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Roman-Dutch law

Roman-Dutch law (Dutch: Rooms-Hollands recht, Afrikaans: Romeins-Hollandse reg) is an uncodified, scholarship-driven, judge-made legal system based on Roman law as applied in the Netherlands in the 17th and 18th centuries.

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Secret trust

A secret trust is a trust which arises when property is left to a person (the legatee) under a will on the understanding that they will hold the property as trustee for the benefit of beneficiaries who are not named in the will.

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Securitization

Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs).

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Settlor

In law a settlor is a person who settles property on trust law for the benefit of beneficiaries.

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Society of Trust and Estate Practitioners

STEP (the Society of Trust and Estate Practitioners) was founded by George Tasker in 1991 and is the international professional body for advisers who specialise in inheritance and succession planning.

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South Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.

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SPA Trust

In United States trust law, a SPA Trust is an irrevocable trust that includes a special power of appointment.

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Spendthrift

A spendthrift (also profligate or prodigal) is someone who spends money prodigiously and who is extravagant and recklessly wasteful, often to a point where the spending climbs well beyond his or her means.

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Spendthrift trust

A spendthrift trust is a trust that is created for the benefit of a person (often unable to control his spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary.

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State government

A state government is the government of a country subdivision in a federal form of government, which shares political power with the federal or national government.

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Statute of frauds

The statute of frauds refers to the requirement that certain kinds of contracts be memorialized in a writing, signed by the party to be charged, with sufficient content to evidence the contract.

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Statutory corporation

A statutory corporation is a corporation created by the state.

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Surety bond

A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.

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T Choithram International SA v Pagarani

was a decision of the Judicial Committee of the Privy Council on appeal from the British Virgin Islands in relation to the vesting of trust property in a trustee.

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Tangible property

Tangible property in law is, literally, anything which can be touched, and includes both real property and personal property (or moveable property), and stands in distinction to intangible property.

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Tax

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.

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Tax avoidance

Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law.

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Tax haven

A tax haven is defined as a jurisdiction with very low "effective" rates of taxation ("headline" rates may be higher).

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Tax noncompliance

Tax noncompliance is a range of activities that are unfavorable to a state's tax system.

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Testamentary trust

A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified in his or her will.

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Totten trust

A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor or "grantor" of the trust) places money in a bank account or security with instructions that upon the settlor's death, whatever is in that account will pass to a named beneficiary.

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Transparency (behavior)

Transparency, as used in science, engineering, business, the humanities and in other social contexts, is operating in such a way that it is easy for others to see what actions are performed.

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Trust instrument

A trust instrument (also sometimes called a deed of trust, where executed by way of deed) is an instrument in writing executed by a settlor used to constitute a trust.

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Trust law in civil law jurisdictions

Trust law is not part of most civil law jurisdictions, but is a common figure in most common law system (and thus in most Commonwealth jurisdictions).

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Trust-preferred security

A trust-preferred security is a security possessing characteristics of both equity and debt.

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Trustee

Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another.

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Trusts & Estates (journal)

Trusts & Estates is a wealth management journal published by Penton Media which covers trust law and estates.

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Uniform Law Commission

The Uniform Law Commission (ULC, also called the National Conference of Commissioners on Uniform State Laws) is a non-profit, American unincorporated association.

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Uniform Trust Code

The Uniform Trust Code is a model law in the United States, which although not binding, is influential in the states, and used by many as a model law.

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Unit trust

A unit trust is a form of collective investment constituted under a trust deed.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Urban planning

Urban planning is a technical and political process concerned with the development and design of land use in an urban environment, including air, water, and the infrastructure passing into and out of urban areas, such as transportation, communications, and distribution networks.

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Use (law)

Use, as a term in real property of common law countries, amounts to a recognition of the duty of a person to whom property has been conveyed for certain purposes, to carry out those purposes.

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Waiver

A waiver is the voluntary relinquishment or surrender of some known right or privilege.

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Will and testament

A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution.

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Fixed trust, Improvement Trust, Improvement trust, Inter Vivos Trust, Inter vivos trust, Irrevocable trust, Law of Trusts, Law of trusts, Living Trust, Living trust, Private trust, Revocable living trust, Revocable trust, Trust (Law) USA, Trust (Law) non-USA, Trust (law), Trust (law) USA, Trust (law) non-USA, Trust (property), Trust Fund, Trust Fund Manager, Trust Law, Trust fund, Trust fund manager, Trust inter vivos, Trusts, Trusts law.

References

[1] https://en.wikipedia.org/wiki/Trust_law

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