Chapter TSEM6232

Published date02 May 2016
Record NumberTSEM6232

There is no legal definition of ‘trust’. A trust is not a legal person; it is a relationship. The persons in the trust relationship are:

  • settlor
  • trustees
  • beneficiaries

The settlor provides the property for the trust. The trustees hold the trust property in their name, but it is held not for them but on trust for the beneficiaries...

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