Meaning of held in trust? What does "held in trust" mean? How is it different from when just "held" is used in that place? There are restrictions on how their inheritance can be invested while held in

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Meaning of held in trust? What does "held in trust" mean? How is it different from when just "held" is used in that place? There are restrictions on how their inheritance can be invested while held in trust.

10 мая 2015 г., 5:38

Ответы · 1

"held in trust" is a legal term. It means that someone or something has control of money or property. This usually happens when the eventual owner of the item is not of adult age or unable to properly manage things. An example of the latter would be someone who is jumped incompetent by the court. The person who "holds the item in trust" is called a trustee.

10 мая 2015 г.

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