Trust: Difference between revisions

{{a|glossary|}}'''{{tag|Law}}''': 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. In the English common law, a metaphysical construct achieved by splitting an individual’s “equitable” or “beneficial” ownership away from er “legal” ownership; in the Americas, an existential one whereby trusts have animated themselves into full personhood. This is quite an evolution when you stop to think about it.