MLchartDataset catalogue

Trust property

Term · Law · MLC-T-LAW-005006

The assets, whether real or personal, that are transferred into a trust and held by the trustee for the benefit of the beneficiaries. This property forms the corpus of the trust and is subject to the terms and conditions outlined in the trust instrument. Legal title to the trust property rests with the trustee, while equitable title belongs to the beneficiaries.

Table 1. Record
IdentifierMLC-T-LAW-005006
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005006",
  "term": "Trust property",
  "field": "Law",
  "definition": "The assets, whether real or personal, that are transferred into a trust and held by the trustee for the benefit of the beneficiaries. This property forms the corpus of the trust and is subject to the terms and conditions outlined in the trust instrument. Legal title to the trust property rests with the trustee, while equitable title belongs to the beneficiaries.",
  "url": "https://mlchart.com/terminology/law/trust-property/"
}

Record 5,116 of 5,441 in Law terminology (MLC-0107). Request the full dataset.