About this document
Understanding Equity Trusts and Their Elements by ILI PHHC is a document available to read on EtoBox.
A trust is an equitable obligation that binds a trustee to deal with property owned by them as a separate fund for the benefit of beneficiaries. There are four key elements of a trust: 1) a trustee who holds legal title to the property, 2) trust property, 3) an identifiable beneficiary, and 4) a personal obligation of the trustee involving the trust property. Trusts can be express, resulting from the parties
- Author
- ILI PHHC
- Language
- EN