The Law of Trusts

Whenever one person holds legal title to property and is obligated to manage the property for the benefit of another person, a trust relationship is created. The person who holds the legal title is called “the trustee” and the person who benefits from the trust is...

Tracing Trust Money

Assume a friend holds real estate in trust for you while you are away travelling the world. He is the trustee who holds the property for your benefit and you are the beneficiary of the trust. When you return, you find out that your property has been sold in your...