T-Minus 3

Great White Shark Video - Funny bloopers are a click away

Trust Basics - A trust is an arrangement whereby a trustee takes legal title to a specific res, given by the trustor (settlor) for the benefit of certain beneficiaries. The prerequisite for a trust is that the settlor gives legal title to the trustee with the intent to create a trust for a valid purpose, for the benefit of the beneficiaries. Although there are two types of trust - private and charitable - these requirements are essential for both. One thing to keep in mind, is that there must be a specific and identifiable trust property - the res. It need not be physical, but can be a chose in action, so long as that chose is not a mere expectancy.

I am the shark. Sorry seal.