trust property

trust property
England, Wales
The assets given by a settlor to a trust (and the assets that from time to time represent them) to be held by the trustee under the terms of the trust, including any accumulated income.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Trust Property — Assets that have been placed into a fiduciary relationship between a trustor and trustee for a beneficiary. Trust property may include any type of asset, such as cash, securities, real estate or life insurance policies. Also be called trust… …   Investment dictionary

  • trust property — The property which is the subject matter of the trust. The trust res (q.v.). See also principal …   Black's law dictionary

  • trust property — noun : property held in or subject to a trust …   Useful english dictionary

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  • Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… …   Wikipedia

  • Trust — Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on the… …   The Collaborative International Dictionary of English

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  • property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …   Law dictionary

  • trust of land — A trust of property that consists of, or includes, land (section 1(1)(a), Trusts of Land and Appointment of Trustees Act 1996) (TLATA). Trusts of land can be express, implied, resulting or constructive. If the trust property includes land, the… …   Law dictionary

  • trust for bereaved minors — England, Wales A trust for the benefit of a person aged under 18, at least one of whose parents has died, and who will become absolutely entitled to the whole of the trust property on or before his 18th birthday (section 71A, Inheritance Tax Act… …   Law dictionary

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