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A trust is an arrangement whereby property is transferred by one person (the settlor, also known as the __________________, donor, creator or founder) for the benefit of another.(?)
grantor(+)
grantee
trustee

During the lifetime of the settlor, the __________________ shall hold, administer and distribute the trust income and principal.(?)
grantor
grantee
trustee(+)

A trust can be set up to provide for __________________, such as children, who are too young to manage the money themselves.(?)
beneficiaries(+)
grantors
settlors

The trustee owes a fiduciary __________________ to the beneficiaries, that is to say that the trustee must act in the best interests of the beneficiaries.(?)
trust
duty(+)
capacity

The terms of the trust must state what property is to be __________________ into the trust.(?)
transferred(+)
paid
assigned

Upon the debtor being adjudged bankrupt, control of his or her property shall __________________ in the trustee.(?)
rest
vest(+)
divest

A trust __________________ is the written document used to formalise the creation of a trust.(?)
register
cadaster
instrument(+)

Trusts may be created while the settlor is still living, or they may be created after his or her death by leaving the details in a __________________.(?)
will (+)
contract
statute

The object of a trust could be a __________________ purpose rather than a named beneficiary.(?)
proscribed
charitable(+)
secret

In some jurisdictions, certain types of __________________ may not be the subject of a trust without the trust being evidenced in writing.(?)
assets(+)
agents
principals