Trusts
, In general terms it is a legal institution in which the fou
gives property to one person to administer it in a fiduc
capacity for the benefit of another person.
What is a Definition: See s 1 of the Trust Property Control Act
trust?
Summary: Trust founder gives property to a trustee. Truste
and control the property for the benefit of the benefici
Testator can also give the property to the beneficiary. Th
trustee only administers the property for the benefit of
beneficiary.
, In general terms it is a legal institution in which the fou
gives property to one person to administer it in a fiduc
capacity for the benefit of another person.
What is a Definition: See s 1 of the Trust Property Control Act
trust?
Summary: Trust founder gives property to a trustee. Truste
and control the property for the benefit of the benefici
Testator can also give the property to the beneficiary. Th
trustee only administers the property for the benefit of
beneficiary.
