Trust essay Free Essay Example - StudyMoose.
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Trust is a form of a test in how we evaluate individuals and determine who we can confide in. Lastly, trust in one-self is important for our well-being as humans and exploring and realizing all our capabilities and possibilities in life.
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This essay will consider whether the different tests applicable to fixed trusts and discretionary trusts are appropriate. Initially, the complete list test applied to both types of trusts. According to this test, the trust is void unless it is possible, at the time it is created, to draw up a complete list of the class.
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Trust: A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third.