JohnLockeOffshoreCorpTalk ownerAuthor
- Joined
- Dec 2008
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Admin submitted a new resource:
Sovereign Trust - Families have been using trusts to preserve and manage their wealth for the benefit of their heirs..
At its simplest, a trust is an arrangement whereby property or assets are transferred from one person (the ”˜settlor') to another person (the ”˜trustee') to hold the property for the benefit of a specified list or class of persons (the ”˜beneficiaries'). A trust can be created solely by verbal agreement but it is usual for a written document (the ”˜trust deed') to be prepared. This evidences the creation of the trust, sets out the terms and conditions upon...
