Show simple item record

dc.contributor.authorMacey, Jonathan
dc.date2021-11-25T13:34:19.000
dc.date.accessioned2021-11-26T11:36:46Z
dc.date.available2021-11-26T11:36:46Z
dc.date.issued1988-01-01T00:00:00-08:00
dc.identifierfss_papers/1736
dc.identifier.contextkey1775275
dc.identifier.urihttp://hdl.handle.net/20.500.13051/989
dc.description.abstractUsually the benefits and burdens of property ownership belong to the same person. In a trust, however, the two are separate. All the benefits belong to one party (the beneficiary) and all the burdens belong to another party (the trustee). Under modern law, three legal entities - a settlor, a beneficiary, and a trustee - are necessary in order to create a trust. To create a trust, the settlor transfers his title in the trust property to the trustee who holds the property for the benefit of the beneficiary. This Article employs an economic perspective to evaluate the creation of private trusts by private individuals.
dc.titleThe Private Creation of Private Trusts
dc.source.journaltitleFaculty Scholarship Series
refterms.dateFOA2021-11-26T11:36:46Z
dc.identifier.legacycoverpagehttps://digitalcommons.law.yale.edu/fss_papers/1736
dc.identifier.legacyfulltexthttps://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=2771&context=fss_papers&unstamped=1


Files in this item

Thumbnail
Name:
Private_Creation_of_Private_Tr ...
Size:
1.335Mb
Format:
PDF

This item appears in the following Collection(s)

Show simple item record