Trust law (1)

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

Matt Firth, L.L.B. , M.A. Production Manager Born: Bury St Edmunds, Suffolk, England. LLB (English and French Law) 1995, University of Canterbury, Kent, England. ILEC Regional Manager for Austria and Germany, PLEAD Project Manager. RSA CTEFLA, Diploma and MA in TEFL (dissertation: Materials Design in English for Legal Purposes). Matt has taught English and English for Specific Purposes since 1996 and is currently senior lecturer in English for Legal Purposes (ELP) at the University of St Gallen, Switzerland . He regularly gives training sessions and presentations in ELP, Business English and Internet in language education throughout Europe and is secretary of the European Legal English Teachers’ Association. His research interests include materials development for ELP and blended learning. LANGUAGES: ENGLISH, FRENCH, GERMAN

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