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  • What is a Trust? Understanding the Settlor, Trustee, and Beneficiary

    What is a Trust? Understanding the Settlor, Trustee, and Beneficiary

    Introduction A trust is a legal arrangement whereby a person trusts a settlor with his or her property assets for the benefit of a third party referred to as a beneficiary the settlor transfers assets to a different party known as a Trustee. There is no independent legal existence with the trust but it is […]

  • The Role of the President, Secretary, and Treasurer in a Trust

    The Role of the President, Secretary, and Treasurer in a Trust

    Introduction Trusts happen to be an important aspect of most legal and financial systems to charities, family property, as well as other significant reasons. They ensure assets are managed in the best manner and shared along plans of the founder of the trust. For a trust to be efficient, it requires good leadership and management. […]