Trespass to chattels is a tort that occurs when a defendant intentionally interferes with the possession or use of personal property (chattels) belonging to another person, resulting in harm. This interference can include damaging the...
property law
trover
Trover refers to a common law action for the recovery of the value of personal property that has been wrongfully converted by another person. It is a type of lawsuit that allows the original owner of the property to seek monetary compensation...
trust
A trust is a form of division of property rights and a fiduciary relationship, in which ownership of assets goes to a third party, known as a trustee, and the beneficial enjoyment goes to the beneficiary. The person who transfers the property...
trust administration
Trust administration refers to the tasks associated with managing the assets, distributions, and filings of a trust. The tasks can often be quite complex and time sensitive. The trustee responsible for trust administration has fiduciary...
trust beneficiary
The trust beneficiary is the party who stands to benefit from a trust. These benefits can include income generated by the trust assets, the assets themselves, or other advantages as stipulated by the terms of the trust.
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trust corpus
The term “corpus” is Latin for "body.” A trust corpus is the "body" of the trust. This is the property that is transferred into the trust; also known as the trust res. A trust corpus is one of the fundamental elements that has to be defined...
trust deed
Trust deed (commonly referred to as a deed of trust) is a type of secured real-estate transaction that some states like California and Massachusetts use instead of mortgages. See State Property Statutes.
To finance property...
trust instrument
A trust instrument is a writing declaration or agreement to allocate a settlor’s property to their beneficiaries. It consists of the trust and regulates how the trust is executed. Trust instruments can be amended or revoked by the settlor at...
trust intent
Trust intent refers to the specific intention or purpose behind the creation of a trust by the settlor (the person who establishes the trust). This intent determines how the trust’s assets are to be managed, distributed, and used for the...
trust merger
Trust merger is when the sole trustee and the sole beneficiary of the trust are the same person or institution. When this occurs, there is no longer separation between the trustee’s legal ownership of the trust property and the beneficiary’s...