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What is Understanding Trusts: Key Concepts about?

Trusts are legal instruments used primarily for estate and tax planning. A trust involves a settlor transferring property to a trustee to hold for the benefit of beneficiaries. Key parties include the settlor, trustee, and beneficiary. There are three main types of trusts: express trusts formed when the settlor intends to create a trust; resulting trusts implied by a court when required by equity; and constructive trusts imposed by a court to remedy wrongdoing. Express trusts can be inter vivos created duri

Author

harkaosiewmai

Language

EN