review of trust law in new zealand: introductory
... ·· The history and nature of trusts, recent developments in the structure of
trusts and the scope and framework of a revised Trustee Act (this paper);
·· Problems with the use of trusts, including issues relating to relationship
property, creditor protection, qualification for Government assistance ...
White, Justice R --- "Trusts - An Australian Perspective" 
... those rights for his own benefit in the way he could if no trust
existed. Equitable obligations require him to use them in some
particular way for the benefit of other persons…
[(18)] This position can be analyzed in a similar way in respect of all the
rights given to a trustee who holds property at ...
KCCI.com, IA 08-28-07 Great Ape Trust Teams With ISU Students
... DES MOINES, Iowa -- Great Ape Trust of Iowa, the primate research facility in
Des Moines, is joining forces with Iowa State University.
The university's anthropology department will collaborate with the Great Ape
Trust in primate research and education.
Iowa State said the trust gives them an excell ...
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 property to a trustee. The trustee holds that property for the trust's beneficiaries. Trusts exist mainly in common law jurisdictions and similar systems existed since Roman times.An owner of property, that places 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 avoidance 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 a 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.