29
Oct
Estate Planning: Trusts (The Motley Fool)
Filed Under (Personal Finance) by on 29-10-2008
The Motley Fool - Trusts were first used in medieval England, and they have evolved to serve many purposes in modern law. The essential attribute of a trust is that it divides ownership of property into two pieces. One person, the trustee, holds the legal aspects of ownership and may control and take responsibility for the property. Another person, the beneficiary, holds the sole right to enjoyment of the property.
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