The Trustee Report
Welcome to The Trustee Report, your go-to resource center for all things trust and estate planning. Here, you'll find in-depth articles, FAQs, step-by-step guides, and expert insights to help you navigate the complexities of trust management with confidence. Stay informed and empowered with the latest updates and trends in estate planning, ensuring your legacy is protected and your loved ones are provided for. Dive in and discover the tools and knowledge you need for a smooth and successful estate planning journey.
The definition of jurisdiction in Black's Law Dictionary, 10th Edition, is:
"The power and authority of a court to hear and determine cases and to make binding orders and judgments."
Jurisdiction...
Private commerce refers to commercial transactions or business dealings that occur between individuals or private organizations and are not subject to government regulation or control. Examples of...
Contract law is the body of law that governs the formation, performance, and enforcement of contracts. The rules of contract law are designed to ensure that parties to a contract are able to enter...
No, an express trust does not have to be created under a code. An express trust is a type of trust that is created by a written agreement between the grantor (the person creating the trust) and the...
Explicit reservation refers to a clear and unambiguous statement or declaration that sets aside or reserves a specific right or interest. This term is commonly used in legal contexts, particularly...
The purpose of an express trust can be as simple or as complex as the person creating the trust desires.
For example, an express trust can be created to serve multiple purposes, such as:
- To...