
trusts

money or property held on trust is held in the name of someone other than the person that the property belongs to. 

This is a common situation in deceased estates, investment management and commercial/legal situations.

The person holding the assets is termed the trustee, and the other party or parties the beneficiaries.

Control of the funds is generally governed by a document known as a trust deed.

In general a trustee may transfer funds or invest them conservatively, but cannot spend, give away, or use the funds for their own purposes.

In commercial situations the trustee would generally receive fees, which would be outlined in the trust deed.

The trustee party may be an individual or a company.







e.g.


Account Holder:  National Nominees (as trustee for client assets fund no. 8)









