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In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. [ a ] Where the trust is a testamentary trust , the settlor is usually referred to as the testator .
The trustee is the legal owner of the assets held in trust on behalf of the trust and its beneficiaries. The beneficiaries are equitable owners of the trust property. Trustees have a fiduciary duty to manage the trust for the benefit of the equitable owners. Trustees must provide regular accountings of trust income and expenditures.
The trustee, on the other hand, is the individual or entity responsible for managing the trust according to the grantor’s instructions. This role involves a fiduciary duty, ...
A depiction of the first medieval settlers arriving in Iceland, 1850. A settler is a person who establishes or joins a permanent presence that is separate to existing communities. The entity that a settler establishes is a settlement. A settler is called a pioneer if they are among the first settling at a place that is new to the settler ...
Homestead – a simple communal dwelling; Settlement or hamlet – a group of dwellings, possibly forming a village community. Town – a settlement or village that has grown into an urbanized area and historically features a central market or court, particularly as a regional market town.
Contemporary scholars like Neil Jones, generally draw a line between uses/trusts created before the Statute of Uses, calling them Uses, and those created after, calling them Trusts, following the common words of conveyance cited above. [29] Thus, the 'pedigree' of the modern trust can be directly linked to those post-Statute Uses.
A replication of the study was published in the same journal eleven years later by David Y. Albouy in the article 'The Colonial Origins Of Comparative Development: An Investigation Of The Settler Mortality Data' who argued that the mortality rates for 28 countries used in the sample by the authors are from within the country themselves; yet, there are also another 36 countries within the same ...
[1] [2] [3] In addition, the trustor does not have control over the actions of the trustee. [1] Scholars distinguish between generalized trust (also known as social trust), which is the extension of trust to a relatively large circle of unfamiliar others, and particularized trust, which is contingent on a specific situation or a specific ...