Trust Disambiguation

In the wake of the Exxon Valdez oil spill, a conservation trust helped stabilize and regenerate the damaged area. When bird habitats along the Platte River were threatened by Grayrocks Dam, a similar trust came to their rescue. And if a family wants to protect its land for future generations, establishing a trust may be the best solution. For more than a century, bequests of land and funds for environmental protection have been common, but in recent decades the trusts used to address conservation issues and resolve environmental disputes have diversified and grown significantly. This book examines a variety of conservation organizations built on or close to trust principles -- some government creations, some private, some combinations of the two -- to explain how conservation trusts are created and how they work. It explores strengths and weaknesses of the trust concept, considers the widespread use of land trusts, and presents case studies that both illustrate successes and give instructive examples of potential pitfalls. Drawing on cases from Maine to Hawaii, the authors examine the different kinds and configurations of trusts. They consider government trusts that blend federal, state, and local agencies into a single entity or that derive funding from outside legislative and executive channels; trusts established by government and private cooperation to share responsibility for jointly held and managed resources; and trusts established by private organizations and families. For each type, they explain why each is created, how it operates, and whether it has been proven effective. They also address the important issue of accountability -- and consider when a trust is not theanswer to a problem. As more Americans reject federal control of land in favor of local determination, land trusts have become the most popular tool for the preservation of land, habitats, and species.

Creation of Express Trusts; Trust Intent; Formalities; Conveyancing; Subject Matter; Trustee; Creation of Private Express Trusts; The Beneficiary; The Creation of Private Trusts; Purposes; Restrictions on Settlor; Charitable Trusts; Origin of Resulting Trusts; Creation of Constructive Trusts; Powers of the Trustee; Duties of the Trustee; Possession and Protection; Investments; Receipts and Payments; Principle and Income; Liabilities From Contracts, Torts and Property Ownership; Sales, Mortgages and Leases by Trustee; Accounting and Compensation; Alteration or Termination of the Trust; Remedies of Beneficiaries Under Trusts; Liabilities of Trustee and Third Persons; Tracing the Trust Res; Bona Fide Purchaser Rule; Participation in a Breach; Barring of Remedies.

Trust-preferred security - A Trust preferred security is a security possessing characteristics of both equity and debt issues. A company creates trust-preferred securities by creating a trust and issuing debt to the new entity, while the trust issues the trust preferred securities.

Express trust - Where property is passed to a person but no gift is made, it is held for the owner, this is the Resulting trust; where property should for some reason of public policy or fairness or rule of Equity be held for someone other than the legal owner, this is either the Statutory trust or the Constructive trust; but where legal title to property is held by someone on trust, this is the Express trust.

Society of Trust and Estate Practitioners - STEP (the Society of Trust and Estate Practitioners) is the professional body for workers in the trust industry and the (often overlapping) field of estate administration. Its members are mainly solicitors, barristers, attorneys, accountants, trust officers and trust administrators as well as banking and insurance professionals in the trust field.

trustdisambiguation

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