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By extension, "onshore trust" has come to mean any trust resident in a high-tax jurisdiction. Personal injury trust: A personal injury trust is any form of trust where funds are held by trustees for the benefit of a person who has suffered an injury and funded exclusively by funds derived from payments made in consequence of that injury.
The public trust doctrine is the principle that the sovereign holds in trust for public use some resources such as shoreline between the high and low tide lines, regardless of private property ownership.
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit of another.
In the United States, the land owned by the United States government and held in trust for Native American tribes and individuals is sometimes referred to as a land trust. In Australia, Aboriginal land trusts are a type of non-profit organisation that holds the freehold title to an area of land on behalf of a community of Aboriginal and/or ...
One possible legal summary of a position of trust is a paid or volunteer position with one or more of the following responsibilities: access to vulnerable populations, property access, financial/fiduciary duty or executive positions. [1] According to one common definition, it is any position that has responsibility for "cash, keys, or kids ...
A trust lets you determine when and to what extent your kids and other heirs will get access to your financial resources. For instance, in most states, children can take control of assets that ...
The property is held in "constructive trust" for the harmed party, obliging the defendant to look after it. The main factors that lead to a constructive trust are unconscionable dealings with property, profits from unlawful acts, and unauthorised profits by a fiduciary. Where the owner of a property deals with it in a way that denies or impedes ...
FBO is an abbreviation for the common term “for the benefit of” and it is often used in estate planning. In a trust, the term conveys ownership and value to the trustee. The FBO legal language ...