Monthly Archives: October 2013

What is a Trust?

What is a Trust? – The Oxford Concise Dictionary gives these definitions:

“confidence placed in a person by making that person the nominal owner of property to be used for another’s benefit” and “the right of the latter to benefit by such property” and “the legal relation between the holder and the property so held”

Any clearer? No, probably not – so how about this as an over-simplified mental image: Continue reading