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Trust law - Wikipedia
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 lives. This was created by later common law jurisdictions. Personal trust law developed in England at the time of the Crusades, during the 12th and 13th centuries. In medieval English trust law, the settlor was known as the feoffor to uses, while the trustee was known as the feoffee to uses, and the beneficiary was known as the cestu…
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Trust law - Simple English Wikipedia, the free encyclopedia
Nov 23, 2015 · In law a trust is a relationship where property is held by one party for the benefit of another party. A trust is created by the owner, also called a "settlor", "trustor" or "grantor" who transfers property to a …
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Trustee - Wikipedia
A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitable purposes): typical examples are a will trust for the testator 's children and family, a pension …
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Will and trust law?
A will trust - also known as a testamentary trust - is created within your will to allow you to protect property you hope to pass on to your family . Trusts are legal entities that allow someone to benefit from an asset without being the legal owner. You create the trust and appoint a person to manage it - the 'trustee'.
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What is a trust in the UK?
The trust is an independent charity rather than a government institution. Historic England and its equivalents in other parts of the United Kingdom are government bodies that perform some functions which overlap with the work of the National Trust.
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What is one of the characteristics of legal English?
One of the characteristics of legal English is archaic English words. Usually, in legal texts you would use words that aren't normally used in everyday speech, in order to show the importance and formality of that document.
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Is Trust a legal entity?
A trust is a type of legal entity that is set up to hold property or assets for the benefit of an individual.
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