Elements Of A Trust

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The TRUSTEE is given legal title to the property. The trustee 's job is to hold and manage the property in accordance with the instructions in the trust document. The BENEFICIARY is given the "benefit" of the property - that is, an equitable interest in the property. EXAMPLE: Samuel transfers $1 million and his farm, Blackacre,..The usual elements of a trust are: Intent to create a trust; A specific trust "res" trust property ; Designation of the parties settlor, trustee and beneficiary ; and. A valid trust purpose. Intent..

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