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trust | A Wisdom Archive on trust | | trust A selection of articles related to trust | |
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trust, Trust
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| ARTICLES RELATED TO trust | | | | |  trust: Encyclopedia II - Trust law USA - Purposes of trustsAny competent individual may create a trust for any legal purpose. The most common usages are:
(1) as an investment account with the added advantages of a full-service trustee. Typically, the individual will be older and wanting a strong relationship with his/her trust advisor. The trust document often then becomes the platform for the settlor's estate planning when combined with a pour-over will provision, i.e., all probate assets (assets in the name of the decedent) going to the trust post mortem. In such trusts there is typically a ...
See also:Trust law USA, Trust law USA - Kinds of trustees, Trust law USA - The law of trusts, Trust law USA - Creation of a trust, Trust law USA - The trust document, Trust law USA - Inadvertent termination of trust: the merger of legal and equitable title, Trust law USA - Personal versus institutional trusts, Trust law USA - Terminology with multiple meanings, Trust law USA - Kinds of trustees: individuals versus collective entities, Trust law USA - Trust property, Trust law USA - Purposes of trusts, Trust law USA - Express and implied trusts, Trust law USA - Constructive trust: an equitable remedy, Trust law USA - Simple or bare trusts versus special trusts, Trust law USA - Private trusts versus public or charitable trusts, Trust law USA - Fixed discretionary and hybrid trusts, Trust law USA - Unit trusts and protective trusts, Trust law USA - Some Federal income tax implications Read more here: » Trust law USA: Encyclopedia II - Trust law USA - Purposes of trusts |
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| | | | | trust: Encyclopedia II - Trust law USA - Constructive trust: an equitable remedy Unlike an express or implied trust, a constructive trust is not created by an agreement between a settlor and the trustee. A constructive trust is imposed by the law as an "equitable remedy." This generally occurs due to some wrongdoing, where the wrongdoer has acquired legal title to some property but cannot in good conscience be allowed to benefit from it. For example, in the United Kingdom the Privy Council has held that if a fiduciary accepts bribes or makes an improper profit, a constructive trust is thereby created, by which the fiduciary is deemed to hold the bribes or improper pr ...
See also:Trust law USA, Trust law USA - Kinds of trustees, Trust law USA - The law of trusts, Trust law USA - Creation of a trust, Trust law USA - The trust document, Trust law USA - Inadvertent termination of trust: the merger of legal and equitable title, Trust law USA - Personal versus institutional trusts, Trust law USA - Terminology with multiple meanings, Trust law USA - Kinds of trustees: individuals versus collective entities, Trust law USA - Trust property, Trust law USA - Purposes of trusts, Trust law USA - Express and implied trusts, Trust law USA - Constructive trust: an equitable remedy, Trust law USA - Simple or bare trusts versus special trusts, Trust law USA - Private trusts versus public or charitable trusts, Trust law USA - Fixed discretionary and hybrid trusts, Trust law USA - Unit trusts and protective trusts, Trust law USA - Some Federal income tax implications Read more here: » Trust law USA: Encyclopedia II - Trust law USA - Constructive trust: an equitable remedy |
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| | | | | trust: Encyclopedia II - Trust law USA - Creation of a trust In general, a trust is not established until the document is (1) signed AND (2) money or something of value is transferred from the settlor to the trustee. Thus, the signing of trust documents does not in itself create a trust. The trust is established only when money or something of value, i.e. farm land or a home, for example, is transferred to the trustee. In legal parlance, there must be a res (Latin for "thing") (that is, there mus ...
See also:Trust law USA, Trust law USA - Kinds of trustees, Trust law USA - The law of trusts, Trust law USA - Creation of a trust, Trust law USA - The trust document, Trust law USA - Inadvertent termination of trust: the merger of legal and equitable title, Trust law USA - Personal versus institutional trusts, Trust law USA - Terminology with multiple meanings, Trust law USA - Kinds of trustees: individuals versus collective entities, Trust law USA - Trust property, Trust law USA - Purposes of trusts, Trust law USA - Express and implied trusts, Trust law USA - Constructive trust: an equitable remedy, Trust law USA - Simple or bare trusts versus special trusts, Trust law USA - Private trusts versus public or charitable trusts, Trust law USA - Fixed discretionary and hybrid trusts, Trust law USA - Unit trusts and protective trusts, Trust law USA - Some Federal income tax implications Read more here: » Trust law USA: Encyclopedia II - Trust law USA - Creation of a trust |
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| | | | | trust: Encyclopedia II - Trust law USA - The law of trusts The fifty states harbor rich differences in fiduciary law despite on-going efforts to reduce disparities through the Uniform Principal and Income Act and other "uniform code" efforts. Nevertheless, unless the terms of the trust document are incompatible with public policy (creating a trust to advance a criminal enterprise, for example), the governing local law generally allows most trust agreements to be enforced according to their terms.
For example, some states require all trustee fees to be charged equally to principal cash and inc ...
See also:Trust law USA, Trust law USA - Kinds of trustees, Trust law USA - The law of trusts, Trust law USA - Creation of a trust, Trust law USA - The trust document, Trust law USA - Inadvertent termination of trust: the merger of legal and equitable title, Trust law USA - Personal versus institutional trusts, Trust law USA - Terminology with multiple meanings, Trust law USA - Kinds of trustees: individuals versus collective entities, Trust law USA - Trust property, Trust law USA - Purposes of trusts, Trust law USA - Express and implied trusts, Trust law USA - Constructive trust: an equitable remedy, Trust law USA - Simple or bare trusts versus special trusts, Trust law USA - Private trusts versus public or charitable trusts, Trust law USA - Fixed discretionary and hybrid trusts, Trust law USA - Unit trusts and protective trusts, Trust law USA - Some Federal income tax implications Read more here: » Trust law USA: Encyclopedia II - Trust law USA - The law of trusts |
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| | | | | trust: Encyclopedia II - Trust law USA - Simple or bare trusts versus special trusts In a simple trust (also called a bare trust) the trustee has no active duty beyond conveying the property to the beneficiary at some future time determined by the trust. In a special trust, however, the trustee has active duties beyond this.
The careful practitioner will be careful to distinguish between a simple trust as used in the above paragraph and the term simple trust as used in trust tax law. A simple trust in Federal income tax law is one in which, under the terms ...
See also:Trust law USA, Trust law USA - Kinds of trustees, Trust law USA - The law of trusts, Trust law USA - Creation of a trust, Trust law USA - The trust document, Trust law USA - Inadvertent termination of trust: the merger of legal and equitable title, Trust law USA - Personal versus institutional trusts, Trust law USA - Terminology with multiple meanings, Trust law USA - Kinds of trustees: individuals versus collective entities, Trust law USA - Trust property, Trust law USA - Purposes of trusts, Trust law USA - Express and implied trusts, Trust law USA - Constructive trust: an equitable remedy, Trust law USA - Simple or bare trusts versus special trusts, Trust law USA - Private trusts versus public or charitable trusts, Trust law USA - Fixed discretionary and hybrid trusts, Trust law USA - Unit trusts and protective trusts, Trust law USA - Some Federal income tax implications Read more here: » Trust law USA: Encyclopedia II - Trust law USA - Simple or bare trusts versus special trusts |
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| | | | | | | trust: Encyclopedia II - Trusted computing - Synopsis The basic system concepts in trusted computing are:
Unique machine/CPU is identified using certificates;
Encryption is performed in the hardware;
Data can be signed with the machine's identification;
Data can be encrypted with the machine's secret key.
Trusted computing - The nature of trust.
Trust means something different to security experts than the meaning laypersons often assign. For example, the United States Department of Defense's definition of a trust ...
See also:Trusted computing, Trusted computing - Synopsis, Trusted computing - The nature of trust, Trusted computing - Background, Trusted computing - Secure I/O, Trusted computing - Memory curtaining, Trusted computing - Sealed storage, Trusted computing - Remote attestation, Trusted computing - Criticism, Trusted computing - Users can't change software, Trusted computing - Users don't control information they receive, Trusted computing - Users don't control their data, Trusted computing - Loss of Internet Anonymity, Trusted computing - Proposed owner override for TC, Trusted computing - The question of practicality Read more here: » Trusted computing: Encyclopedia II - Trusted computing - Synopsis |
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| | | | | | | | trust: Encyclopedia II - NHS Trust - Primary Care Trusts Primary Care Trusts (PCT) are free-standing statutory bodies responsible for delivering better health care and health improvements to their local area. They started as committees or Primary Care Groups of the Health Authority.
PCT have their own budgets and set their own priorities. They directly provide a range of community health services (such as general practitioner (GP), community and primary care services); they may commission hospital services from other NHS trusts (such as hospital trusts). They are governed by a Board ...
See also:NHS Trust, NHS Trust - Primary Care Trusts, NHS Trust - England, NHS Trust - East Midlands, NHS Trust - East of England, NHS Trust - London, NHS Trust - North East England, NHS Trust - North West England, NHS Trust - South East England, NHS Trust - South West England, NHS Trust - West Midlands, NHS Trust - Yorkshire and the Humber Read more here: » NHS Trust: Encyclopedia II - NHS Trust - Primary Care Trusts |
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| | | | | | | trust: Encyclopedia II - Trusted computing - Background A variety of controversial initiatives fall under the heading of trusted computing: Microsoft is working on a project called NGSCB. An industry consortium including Microsoft, Intel, IBM, HP and AMD, have formed the Trusted Computing Group (TCG), designing a trusted platform module (TPM). Intel is working on a form called LaGrande Technology (LT), while AMD's is called Secure Execution Mode (SEM), also known as Presidio. But essentially, there are proposals for four new features provided by new hardware, which would require new software (inc ...
See also:Trusted computing, Trusted computing - Synopsis, Trusted computing - The nature of trust, Trusted computing - Background, Trusted computing - Secure I/O, Trusted computing - Memory curtaining, Trusted computing - Sealed storage, Trusted computing - Remote attestation, Trusted computing - Criticism, Trusted computing - Users can't change software, Trusted computing - Users don't control information they receive, Trusted computing - Users don't control their data, Trusted computing - Loss of Internet Anonymity, Trusted computing - Proposed owner override for TC, Trusted computing - The question of practicality Read more here: » Trusted computing: Encyclopedia II - Trusted computing - Background |
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| | | | | | trust: Encyclopedia II - Charitable trust - Oversight Some charities are referred to as foundations. Charitable trusts are usually non-profit organisations or registered with the government of a country. The charity is then required to report its activities (especially financial ones) to the government, usually on an annual basis. There is normally an obligation to register a non-profitable charitable organisation, as the public is entitled to some oversight of organisations that wish to act for the public good. In the United States, because of the principle of separation of church and state, c ...
See also:Charitable trust, Charitable trust - Legal distinctions, Charitable trust - Oversight, Charitable trust - Charities in different countries, Charitable trust - Australia, Charitable trust - Canada, Charitable trust - United Kingdom, Charitable trust - United States, Charitable trust - List of charities Read more here: » Charitable trust: Encyclopedia II - Charitable trust - Oversight |
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| | | | | | | trust: Encyclopedia II - Income trust - Tax advantages As a flow-through entity (FTE) whose income is redirected to unitholders, the trust structure avoids the double taxation that comes from combining corporate income tax with shareholders' dividend tax. If the tax regime allows it, a corporate subsidiary set up to run a trust's business pays a liability that reduces its tax bill, preferably to zero – making those payments to the trust unitholders ("pass-through taxation").
In a typical income trust structure, the income paid to an income trust by the operating entity may take the form ...
See also:Income trust, Income trust - Tax advantages, Income trust - Types of income trusts, Income trust - Real estate investment trusts, Income trust - Royalty/energy trusts, Income trust - Business trusts, Income trust - Investor risks, Income trust - Income trust booms, Income trust - Australia, Income trust - United States, Income trust - Canada Read more here: » Income trust: Encyclopedia II - Income trust - Tax advantages |
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