Appling equitable maxims to trust cases. Let us look at the following scenarios. In each case, consider which legal maxims you think would apply. We will also provide an adequate rationale. Scenario one. Mark deceitfully transfers ownership of his house to his...
How Trusts can affect family daily life Trust Can Affect Daily Life. Here are some different types of trusts that can affect daily life or family: 1. Living Trust: This type of trust allows individuals to transfer their assets into a trust during their lifetime. It...
Why someone may choose to give their property legal title to someone else? ‘Beneficial Use’ and Legal Title Differences. ‘Beneficial Use’ often refers to the right to enjoy the benefits or profits from a property, such as living in a house or...
What Exactly is a Trust? “Will trust own it?” Clients often make statements like “the trust will own it?” and it requires clarification that this is not entirely accurate. Unlike a corporation, which is recognized as a separate legal entity in...
Trust is a legal entity Is this legal? Trust companies are legal entities that are responsible for managing and overseeing the assets of their clients. These assets are typically held in a trust, and the company acts as the trustee. Trust companies employ a team of...
Benefits of Trusts What we can do with trust? A trust company is a vital service provider for individuals and entities in need of asset management and transfer services. As a legal entity, it administers assets and guarantees their eventual transfer to beneficiaries....
