Trust: Difference between revisions
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A [[common law]] intellectual structure where the legal owner of an asset (the “[[trustee]]”) holds the benefit of the asset for others, presumptively beyond the reach of the [[trustee]]’s creditors. | |||
{{tag|Indemnity}}, for how to get comfortable with the risk of a {{tag|trustee}} exceeding the scope of its powers without you knowing it; | {{Seealso}} | ||
*[[fiduciary]] — the kind of trust you have when your own lawyers call a [[trust]] a metaphysical impossibility. | |||
*{{tag|Indemnity}}, for how to get comfortable with the risk of a {{tag|trustee}} exceeding the scope of its powers without you knowing it; | |||
{{c2|Trust|Equity}} | {{c2|Trust|Equity}} | ||
{{draft}} | |||
Revision as of 16:50, 26 July 2018
A common law intellectual structure where the legal owner of an asset (the “trustee”) holds the benefit of the asset for others, presumptively beyond the reach of the trustee’s creditors.