The ABCs of Trusts

the abcs of trusts This article is written by Emelia Kwa, trainee of OTP Law Corporation Image Source: GoogleDespite being such an important part of our legal affairs, the concepts behind trusts can be rather intimidating to understand. We hope that this guide will be able to kick start your understanding of trusts.Who’s who? The settlor is the person who created the trust. He may or may not be the trustee of the trust as he can appoint someone else to be the trustee.The trustee is the person who has the legal right to control how the asset (e.g. property) of the trust in question is handled.The beneficiary is the person who benefits from the trust (i.e. he will obtain…

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