In module 2, unit 3 of the Online Property Investment Course you will learn all about Trusts in Property Investing.
Here we have a brief overview of trusts.
Origin Of Trusts
Trusts have been present for hundreds of years and they are known to have originated from English Law. In the 12th Century, when a landowner left England to fight in the Crusades, he conveyed ownership of his lands in his absence to a representative to manage the estate and pay and receive financial dues, on the understanding that the ownership would be conveyed back on his return.Trusts have developed and been shaped by legislature in each country into their present forms.
Forming a Trust
According to iProtect, a trust is a legal entity but not a legal persona and it is created by a contract called a trust deed, which is entered into by certain parties. A trust can therefore be described as a legal relationship created by a person (known as the founder), by placing assets under control of another person (known as the trustee) for the benefit of third parties (known as the beneficiaries).
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