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Testamentary trust and Trust law

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Testamentary trust and Trust law

Testamentary trust vs. Trust law

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. 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.

Similarities between Testamentary trust and Trust law

Testamentary trust and Trust law have 6 things in common (in Unionpedia): Charitable trust, Resulting trust, Settlor, Tax, Trustee, Will and testament.

Charitable trust

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

Charitable trust and Testamentary trust · Charitable trust and Trust law · See more »

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.

Resulting trust and Testamentary trust · Resulting trust and Trust law · See more »

Settlor

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

Settlor and Testamentary trust · Settlor and Trust law · See more »

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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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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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.

Testamentary trust and Will and testament · Trust law and Will and testament · See more »

The list above answers the following questions

Testamentary trust and Trust law Comparison

Testamentary trust has 14 relations, while Trust law has 148. As they have in common 6, the Jaccard index is 3.70% = 6 / (14 + 148).

References

This article shows the relationship between Testamentary trust and Trust law. To access each article from which the information was extracted, please visit:

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