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The trust certificate can be considered an outline or summary of the primary documents describing the trust. Trust documents can be complex and lengthy, more than 100 pages in some cases.
Online tools allowing anyone to create a trust without the help of an attorney can reduce the money and time consumed in estate planning. Living trusts are widely used in estate planning to avoid ...
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A declaration of trust is the document that establishes a legal trust. It also defines the major elements of the entity, such as the beneficiaries and trustees. Once a trust has been established ...
Account for actions and keep beneficiaries informed: these include a duty to inform beneficiaries as to their entitlements under the trust [7] and other matters concerning the trust. Trustees do not have priority right to trust documents; it is a personal right and cannot be assigned [8] The right to seek disclosure of trust documents is an ...
Although the word "trust" is used, resulting and constructive trusts are different from express trusts because they mainly create property-based remedies to protect people's rights, and do not merely flow (like a contract or an express trust) from the consent of the parties. Generally speaking, however, trustees owe a range of duties to their ...
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