Trust terminology: What are trust behaviors and trust property?

Trust Act

When a trust is reached, the formality that constitutes a legal act is the trust act. The trust act refers to the signing of a contract or agreement between the settlor and the trustee. In addition, the settlor makes a will It is also a legal act and a trust act. Depending on the purpose of the trust, different contracts need to be signed. However, for businesses that belong to the same category and occur in large quantities, such as trust deposits, there is no need to sign contracts one by one. The trust department only needs to issue a unified document to the client. A trust deposit certificate such as a contract can be printed and attached with written terms. Such a certificate also has the effect of a contract.

Trust property

Trust property refers to money obtained through trust acts. Property transferred from the settlor to the trustee. Trust property includes intangible properties such as stocks, bonds, items, land, residences, and bank deposits, including insurance policies, patents, trademarks, credit and other natural rights and interests (a suicide note written before death) Creates a natural interest for the beneficiary).

Purpose of the trust