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A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.
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.
In trust law, an express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties." [ 1 ] Property is transferred by a person (called a trustor, settlor , or grantor) to a transferee (called the trustee ), who holds the property for the benefit ...
Governing doctrines. Pour-over will; Cy-près doctrine; Hague Convention (conflict law) Application in civil law; Dishonest assistance; Estate administration
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 ...
The Smart Traveler Enrollment Program (STEP) is a service provided by the U.S. Department of State for U.S. citizens and nationals traveling and living abroad to enroll their trip with the nearest U.S. embassy or consulate. [1] [2] [3]
[1] [non-primary source needed] As of 2005, CT Corporation was the largest registered agent service company in the world. [ 3 ] CT Corporation's registered-agent service in Delaware is at the Corporation Trust Center at 1209 North Orange Street, known for being the home of thousands of companies due to Delaware's incorporation laws .
Performance refers to the completion of the tasks or obligations anticipated in the contract. In some cases, such as a retail purchase transaction, the formation and performance of the contract occur at the same time, [ 101 ] but when a contract involves a promise to do something in the future, performance refers to the later fulfillment of ...