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The trustee is the legal owner of the property in trust, as fiduciary for the beneficiary or beneficiaries who are the equitable owners of the trust property.
This Deed of Trust (the ?Trust Deed?) sets out the terms and conditions upon which: [Settlor Name] (the ?Settlor?), of [Settlor Address], settles that property set out in Schedule A (the ?Property?) upon [Trustee Name] (the ?Trustee?), being a Company duly registered under the laws of [state] with registered number [ ...
Trust Deed Disadvantages You will be unable to obtain credit. ... They are not appropriate for secured obligations. ... They can cause issues for business owners. ... Your trustee has the authority to claim new assets.
A Final Account is a complete record detailing the assets, receipts, and disbursements made during a probate administration.
A simple example would be the situation in which one member of a family advances money to another and asks the second member to hold the money or to invest it for him. A more complicated example of an implied trust would be the situation in which one party provides money to another for the purchase of property.