The Law of Trusts

The Law of Trusts is a legal framework that manages how property or assets are held and used for specific purposes. It involves a "trustee," who holds the property, and "beneficiaries," who benefit from it. The trust creator (settlor) sets out instructions on how the property should be managed or distributed. Trusts can be used for estate planning, charitable purposes, or protecting assets. Essentially, it’s a way to ensure that someone manages property responsibly and according to the original intent, even if the original owner is no longer involved.