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227's YouTube Chili' Mesothelioma Trust Fund (Asbestos Lawyers) NBA Mix!
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Trust Law
From Wikipedia, the free encyclopedia
(Trust fund)
Wills, trusts
and estates
Part of the common law series
Wills
Legal history of wills
Joint wills and mutual wills
Will contract
Codicil
Holographic will
Oral will
Sections
Attestation clause
Residuary clause
Incorporation by reference
Contest
Testamentary capacity
Undue influence
Insane delusion
Fraud
No-contest clause
Property disposition
Lapse and anti-lapse
Ademption
Abatement
Satisfaction of legacies
Acts of independent significance
Elective share
Pretermitted heir
Wills and conflict of laws
Trusts
Express
Resulting
Constructive
Common types
Bare
Discretionary
ATrust law
From Wikipedia, the free encyclopedia
(Redirected from Trust fund)
For other uses of the word "trust" see Trust (disambiguation)
Wills, trusts
and estates
Part of the common law series
Wills
Legal history of wills
Joint wills and mutual wills
Will contract
Codicil
Holographic will
Oral will
Sections
Attestation clause
Residuary clause
Incorporation by reference
Contest
Testamentary capacity
Undue influence
Insane delusion
Fraud
No-contest clause
Property disposition
Lapse and anti-lapse
Ademption
Abatement
Satisfaction of legacies
Acts of independent significance
Elective share
Pretermitted heir
Wills and conflict of laws
Trusts
Express
Resulting
Constructive
Common types
Bare
Discretionary
Accumulation and Maintenance
Interest in possession
Charitable
Purpose
Incentive
Other types
Protective
Spendthrift
Life insurance
Remainder
Life interest
Reversionary interest
Testamentary
Honorary
Asset-protection
Special needs (Supplemental Needs)
Governing doctrines
Pour-over will
Cy-près doctrine
Hague Convention (conflict law)
Application in Civil law
Dishonest assistance
Estate administration
Intestacy
Testator
Probate
Power of appointment
Simultaneous death
Slayer rule
Laughing heir
Advancement
Disclaimer of interest
Inheritance tax
Related topics
Advance directive (Living will)
Totten trust
Other common law areas
Contract
Tort
Property
Criminal law
Evidence
v
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e
In common law legal systems, a trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers some or all of his or her property to a trustee. The trustee holds that property for the trust's beneficiaries. Trusts have existed since Roman times and have become one of the most important innovations in property law.[citation needed]
An owner placing property into trust turns over part of his or her bundle of rights to the trustee, separating the property's legal ownership and control from its equitable ownership and benefits. This may be done for tax reasons or to control the property and its benefits if the settlor is absent, incapacitated, or dead. Trusts are frequently created in wills, defining how money and property will be handled for children or other beneficiaries.
The trustee is given legal title to the trust property, but is obligated to act for the good of the beneficiaries. The trustee may be compensated and have expenses reimbursed, but otherwise must turn over all profits from the trust properties. Trustees who violate this fiduciary duty are self dealing. Courts can reverse self dealing actions, order profits returned, and impose other sanctions.
The trustee may be either an individual, a company, or a public body. There may be a single trustee or multiple co-trustees.
The trust is governed by the terms under which it was created. In most jurisdictions, this requires a contractual trust agreement or deed.
Asbestos and the law
From Wikipedia, the free encyclopedia
This article concerns asbestos-related legal and regulatory issues. Litigation related to asbestos injuries and property damages has been claimed to be the longest-running mass tort in U.S. history.[1] Since asbestos-related disease has been identified by the medical profession in the late 1920s, workers' compensation cases were filed and resolved in secrecy, with a flood of litigation starting in the United States in the 1970s, and culminating in the 1980s and 1990s. A massive multi-district litigation (MDL) complex filing has remained pending in the Eastern District of Pennsylvania for over 20 years. As many of the scarring-related injury cases have been resolved, asbestos litigation continues to be hard-fought among the litigants, mainly in individually brought cases for terminal cases of asbestosis and cancers.