The Restatement says, "A trust cannot be created unless there is trust property." [FN4] The owner, called the settlor, transfers the trust property to an intermediary, the trustee, to hold it for the ...

Settlors initiate and fund revocable trusts, crucial for asset distribution without probate. They must manage trust assets, define rules, and handle taxes on trust income. Settlor errors like not ...

The trustee must always administer the trust assets in the best interests of the beneficiaries. A trust is established when the owner of assets, the settlor, transfers or 'settles' assets upon a ...

The revocable trust, or living trust, is an agreement between the client (commonly called the settlor, grantor or trustor in the document) and the trustee (usually also the client), until his or ...

As wealth management evolves, South African high-net-worth individuals ("HNWIs") are increasingly looking for efficient offshore structures to ...

It is essential (not just a suggestion) that if a tax reimbursement clause is included in a trust agreement that the trustee not be mandated by the trust to reimburse the settlor for taxes paid on ...

A trust checking account is a bank account held by a trust, allowing trustees to pay incidental expenses and disperse assets ...

There are different types of trusts available, and a blind trust acts as its name implies. “A blind trust is one where the settlor gives an independent trustee the unbridled discretion over the ...