You Settled Your Property On Trust – Now What? - Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com. Under Trust law, once the settlor has settled property on trust, he relinquishes any ownership rights on the trust property since the ownership would be transferred from the settlor to the trustee. The settlor would have limited control over the trust and its administration unless he reserves certain powers to himself on the trust deed. Nevertheless, even though the settlor might have certain reserved powers, he would still not be considered to have full control over the trust and ultimatel...
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