Discretionary Trusts and the concept of a sham trust. (a) The central theme regarding trusts is that they are assets that are legally owned by the trustees and not the beneficiaries. In a discretionary trust‚ the trustees have discretion as to who among a class of beneficiaries should receive income and/or capital under the trust and in what proportion (e.g. Mettoy Pension Trustees Ltd v. Evans [1990] 1 WLR 1587). So until a beneficiary is chosen to receive income or capital‚ they do not possess
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Insecurities Sometimes the element of doubt troubles us when we’re in a relationship. We find the need to get jealous and somehow we don’t trust our partner. These insecurities can lead to the end of a relationship. If you don’t trust someone why did you make the decision of being with that person in the first place? Trust is the glue that keeps a relationship together without trust a relationship does not exist. When you see the person that you’re with someone else; don’t assume‚ don’t make up questions in
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direction of courts when imposing a constructive trust upon a trustee de son tort. Constructive Trustee Constructive trusts are not confined to one definition. They are comprised of all trusts recognized and enforced by the courts that either resulting or express trusts. Express trusts are trusts are a design of the real intention of the parties however constructive trusts are ‘invitum’ (against the will or consent of the party) Constructive trusts are usually the result of gross violation of a
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trust agreement THIS TRUST AGREEMENT‚ MADE THIS _____ DAY OF _____________‚ 20XX‚ BETWEEN ____________________________‚ PRESENTLY RESIDING AT _________ ________________ ________________________ (SETTLOR)‚ _____________ ___________________‚ PRESENTLY RESIDING AT __________________________________ ______ (TRUSTEE)‚ AND ________________ __________‚ PRESENTLY RESIDING AT ________ ___________________________ (SUCCESSOR TRUSTEE). THE TRUST CREATED BY THIS AGREEMENT SHALL BE KNOWN AS THE ______________________
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Concept of TRUST analysis Concept: Trust | Definition: Dictionary‚ thesauruses‚ within nursing/medical/behavioral science/social science/other literature‚ from colleagues | Thi Bui | Oxford English Dictionary: 1) firm belief in the reliability‚ truth‚ or ability of someone or something; acceptance of the truth of a statement without evidence or investigation; the state of being responsible for someone or something; a person or duty for which one has responsibility 2) An arrangement whereby
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Disposal of property on death – Secret Trusts Definition: An owner of property dies‚ that property passes to those entitled under the law of succession. 2 main methods: 1) Through a valid will 2) Intestacy rules Will – series of specific bequests or legacies of specific assets to specific individuals who will receive the assets not disposed off. If no residue clause then the rules of intestacy operate. Requirements of a valid Will 1) Capacity 2) Age 3) Mental Capacity 4) Intention
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Our topic is trust between lovers. What is trust? When your friend is spreading some rumor about your lover and your other friend‚ who would you trust‚ your lover or your friend? Trust is to believe in someone and give trust to him or her. You put your whole soul and belief to trust them. Trust is like a paper‚ once it is crumble it will not be perfect again. Trust plays an important role in Othello‚ because it started as trust and ends with trust. In Othello‚ the author used handkerchief as
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Trust is the reliance of strength‚ surety of a person. I trust my mother and I tell her everything that happens to me‚ either good or bad she will always help me and tell me the right thing to do. Some people find it difficult to trust someone while others could trust people fast. Without trust there is no friendship‚ and if the is no friendship‚ there is no love. For me‚ I have a difficult time trusting someone‚ it takes me so long to tell if that person will not betray me. The play "Othello"
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Trusts and Estates Medilin Spring 2006 Intro and Intestacy 1) Power to Transmit property at death- Dead hand Control a) Estate and gift taxes as method of restriction i) redistributes some wealth and attempts to break up accumulations of large wealth ii) gift tax prevents the use of inter vivos transfers to get around inheritance restrictions iii) spousal deduction- can give as much as want to spouse during life and at death iv) charitable deduction- also allowed to
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THE SPEED OF TRUST Trust had many meaning. Nowadays not only money is hard to get or achieve but also trust. Trust means confidence. When we trust people‚ we have confidence in them – in their integrity and in their abilities. When we distrust people‚ we are suspicious of them. The difference between high and low-trust relationships is palpable! In a high-trust relationship‚ we can say the wrong thing‚ and people will still understand us. In a low-trust relationship‚ despite precise communication
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