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Trust

A legal device for the transfer to or ownership of property by a legal owner (the trustee) who holds it for the benefit of another person, the beneficiary.

A trust may be set up to enable the property to be given to or held on their behalf by a minor or someone lacking capacity or entitlement for some other reason.

There are various types of trust: constructive trust, secret trust, resulting trust, Quistclose trust, etc.

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