Ovido
Lingua
  • Inglese
  • Spagnolo
  • Francese
  • Portoghese
  • Tedesco
  • Italiano
  • Olandese
  • Svedese
Testo
  • Maiuscole

Utente

  • Accedi
  • Crea account
  • Passa a Premium
Ovido
  • Home
  • Accedi
  • Crea account

BLAW211: Trusts

What is a Trust?

- A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit.

Settlor

- person who creates a trust and give property to the trustee to be held on trust for the benefit of specified persons
- Have to have the ability to give the property to be a settlor

- They may be a beneficiary themselves

- Can also be a trustee, but cannot be a trustee and a sole beneficiary

- Person of unsound mind cannot create a trust (can’t be mentally ill, alcoholics or bankrupt)

Trustee

- a person to whom legal ownership of trust property is given who holds and deals with the property in accordance with the terms of the trust
-who the settlor transfers title to

- one property can have multiple

- bound by terms of trust deed

- remain impartial to benficiaries

- equitable obligation to not harm beneficiaries

Beneficiary

- a person who has an equitable entitlement to recieve a benefit from the trust assets
- does not have legal title (equitable interest only)

- not tangible to property until that thing occurs (e.g minors when they turn 18)

- expectation to receive

Contingent Beneficiary

- a beneficiary who's interest is contingent on some event occurring (e.g being born)

Discretionary Beneficiary

- a beneficiary who is only entitled to an interest at the discretion of a specified person

Quiz
GGZ
L1 Science Po 9 : La reconnaissance des minorités
L1 Science Po 8 : Le peuple existe-t'il ?
L1 Science Po 7 : Elections, piège à cons ?
L1 Science Po 6 : Le pouvoir rend-t-il fou ?
L1 Science Po 5 : Dieu est-il mort ?
eng glosor v. 17
Lesson 6
Lesson 5
Lesson 4
Lesson 3
Lesson 2
Adjectives
Verb Conjugations
locations
Frequency Adverbs/Days/Time
espagnol
L6 Vocabulary
L5 Vocabulary
L4 Vocabulary
L3 Vocabulary
L2 Vocabulary
L1 Additional Vocabulary
L1 Vocabulary
Greetings
do you know me?
law
french
Oh là là vocabulaire ! v13
62. WPme P. 521
61. WPME p. 519
60. WPME p. 518
59. WPME p. 515
FRENCH
ECN240 final
med terms 6
L1 Droit Privé 2 : Identification de la personne physique
L1 Science Po 4 : L'Etat est-il un monstre froid ?
L1 Droit Historique 3 : L'organisation de la famille romaine
how well do u know me
58. WPME p. 508
57. WPME p. 504
56. WPME p. 497
55. WPME p. 488
54. WPME p. 484
development GCSE
development 2
chapter 3-4
Oh là là vocabulaire ! v16
espagnol: salvar el planeta