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A trust is a legal framework that enables one party, a trustor, to give another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.
Trustees are often granted the power to distribute trust property “in ... when making or refusing to make distributions. For example, if a current beneficiary requests a distribution for an ...
The Cayman Islands is a leading jurisdiction in the establishment and management of trusts; this is highlighted by the variety of structures that ...
Typically, a revocable trust's assets avoid probate, which can be time consuming and potentially costly. They go directly to beneficiaries. In addition, distributions are private, unlike those ...
A spendthrift trust allows you to leave funds to a beneficiary without giving full control over those funds. Instead, an independent trustee is given the authority to distribute funds for the ...