Understanding Equity And Trusts Understanding Law

Understanding Equity And Trusts Understanding Law

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a trust is a three party fiduciary relationship in which the first party the trustor or settlor transfers settles a property often but not necessarily a sum of money upon the second party the trustee for the benefit of the third party the beneficiary a testamentary trust is created by a will and arises after the death of the settlor an inter vivos trust is created during the