legal ownership
trust law
Quick Summary
In Anglo-American law, a trust involves a relationship where one party, the trustee, manages property, and another party, the beneficiary, receives the benefits from it. This creates a division between legal and equitable ownership. The trustee holds legal title and has the power to manage and convey the property, but they have a fiduciary duty to act in the beneficiary's best interest. Trusts are often established through an express instrument created by a [sett
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