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The Act defines how the author of the trust could create a trust and assign trustees and assign his monetary assets to be controlled by the trust. This trust should have a clear definition of the following: [3] [1] Intention by the author to create the trust; Purpose of the trust; The beneficiary of the monetary assets controlled by the trust
United States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust.. Most of the law regulating the creation and administration of trusts in the United States is now statutory at the state level.
The trust was an addition to the law of property, in the situation where one person held legal title to property but the courts decided it was fair just or "equitable" that this person be compelled to use it for the benefit of another. This recognised as a split between legal and beneficial ownership: the legal owner was referred to as a ...
Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in rare cases, a court may change the terms of the trust due to unexpected changes in circumstances that make the trust uneconomical ...
1882 2 Transfer of Property Act 1882 4 Indian Easements Act 1882 5 Powers-of-Attorney Act 1882 7 Presidency Small Cause Courts Act 1882 15 Land Improvement Loans Act 1883 19 Panjab District Boards Act 1883 20 Explosives Act 1884 4 Agriculturists' Loans Act 1884 12 Births, Deaths and Marriages Registration Act 1886 6 Deo Estate 1886 9
Although people are generally free to set the terms of trusts in any way they like, there is a growing body of legislation to protect beneficiaries or regulate the trust relationship, including the Trustee Act 1925, Trustee Investments Act 1961, Recognition of Trusts Act 1987, Financial Services and Markets Act 2000, Trustee Act 2000, Pensions ...
The Settled Land Acts 1882 to 1890 is the collective title of the following Acts: [2] The Settled Land Act 1882 (45 & 46 Vict. c. 38) The Settled Land Act 1884 (47 & 48 Vict. c. 18) The Settled Land Acts (Amendment) Act 1887 (50 & 51 Vict. c. 30) The Settled Land Act 1889 (52 & 53 Vict. c. 36) The Settled Land Act 1890 (53 & 54 Vict. c. 69)
An Act to repeal an Act of the Eleventh Year of the Reign of King George the Fourth, [d] for improving several Roads and making certain new Roads in the Counties of Devon and Somerset leading to and from the Town of Tiverton, and for amending an Act of His present Majesty [e] for repairing several Roads leading from and through the Town of ...