Trust Basics

Below are our 9 articles in the 'trust basics' category:

Creation of a Trust
Trusts are created in a variety of different circumstances, and for a variety of different reasons. As is mentioned elsewhere in this section, the potential purposes served by trusts are ...
Do I Need a Solicitor For a Trust?
The establishment of a trust can be one of the most important financial decisions that an individual chooses to make. In many cases, the trust might not actually affect the settlor (the individual ...
Other Important Terms Associated With Trusts
As with many legal or financial topics, the apparently large amount of jargon concerning trusts can be confusing. In reality, however, while trust law can be complex, there is no reason why ...
Responsibilities of a Trustee
As the name would suggest, trustees have the most significant responsibilities with regard to the actual management of a trust. When they are appointed by the settlor (that is, the individual who ...
What are Trustees and Beneficiaries?
In basic terms, a trust is a legal agreement by which assets are transferred from one individual, known as the settlor, to the trust itself. The responsibility for the management of these assets is ...
What is a Settlor?
As is outlined in more detail in another article on this site, there are two types of trust. Broadly, trusts can be either express or implied; that is, they can either be established as a result of ...
What is a Trust?
Trusts are a hugely important aspect of the English legal system. Their potential uses are manifold; predominantly, however, they are used to ensure that property is dealt with in a way acceptable ...
Where Can I Get Advice on Trusts?
Establishing a trust is potentially a very important financial choice. While trusts are frequently constituted with comparatively small sums transferred, it is just as common for a trust to contain ...
Why Might a Trust be Used?
Trusts are multi-purpose legal instruments. There are a significant number of different types of trust, each of which might be suitable for use in a different set of circumstances. As trusts are ...

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